Market Report

Click on the image above for the full market report on the 1st quarter!

Home sales were down around Lake Tahoe in the first quarter of 2017, with overall sales volume dipping 7 percent. The drop was mainly affected by a 13 percent decrease in the sale of homes priced under $1 million and was influenced by the severe winter the Lake Tahoe area experienced. The median home price remained steady with a 2 percent increase to $529,000.

The figures are part of a quarterly report released by Tahoe-based real estate agency Chase International. The numbers compare all MLS home sales from Jan. 1 through March 31 to the same time frame in 2016.

Homes sold for more than $1 million was down 5 percent and overall units sold was down 6 percent. Incline Village saw the biggest decreases with a 52 percent fall in volume and 24 percent decline in units sold. Homes sold for more than $1 million was down 23 percent. The median price of a home in Incline Village fell 8 percent to $870,000.

Lawrence Yun, chief economist for the National Association of Realtors, noted that February was the warmest in decades, which played a role in kick starting prospective buyer’ house hunting. The same could not be said for the Tahoe area where the region experienced near-record snowfall.

“I’m sure the series of heavy storms had an affect on people’s ability to do any serious house searching,” said Susan Lowe, corporate vice president for Chase International. “In the long run though, our winter with abundant snow will be a big positive for the region.”

Tahoe City saw a 28 percent jump in volume sold, primarily from a 14 percent rise in the median home price ($611,000). The South Shore experienced a 67 percent increase in homes sold for more than a million and the median home price was up 4 percent to $412,000. The East Shore also saw an uptick in homes sold for more than $1 million (25 percent) while homes selling for less than a million dropped 31 percent. The median price of a home on the East Shore rose 26 percent to $965,000.

Lake Tahoe’s numbers are essentially in line with regional trends. NAR reported that existing home sales in the West decreased 3.1 percent in February. The median price of home was up 9.6 percent from February 2016.

The sale of condos around the lake fared much better with significant increases in volume sold. Units sold for more than $500,000 was up 80 percent and the median price jumped 17 percent to $375,000.

Sales were down across the board in Truckee, with record-breaking snowfall and severe winter storms hampering buyers’ searches. Volume and units sold were both down, 29 and 18 percent, respectively, while median home price rose 7 percent to $709,000.

2017 Lake Tahoe/Truckee Region Winter Season Fun Facts!

2017 Lake Tahoe/Truckee Region Winter Season Fun Facts!

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This year we broke a 95 year old record! This record is for the most rainfall in one year. Our area has recorded 89.7 inches for the year which breaks the record from 1982-83 season of 88.5 inches!

lake

Lake Tahoe water level is projected to record the largest single-year rise in history! Once the snow melts, the water level is expected to rise 6 1/2 feet to its legal limit of 6,229.1 feet above sea level. The record from 1995 was a 6 foot rise in water level. Current lake elevation = 6,220 + Current gage height. USGS Current Levels

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Squaw Valley also set a record in January 2017 for the most snow in one month. A grand total of 282” of snow which is over 400% of its average for January snowfall. March 2011 was the record surpassed, the one month total of 202”.

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Mixed feelings about the Truckee Tahoe Unified School District having to cancelled school 12 days this year due to snow! The students and faculty had 10 snow days in January! TTUSD’s snow day record dates back to the 80’s for having the most cancelled school days due to snow in one year.

snow removal

A report from the Central Sierra Snow Lab on Donner Summit said that it received 100% of its annual average precipitation total on January 18, 2017. The CSS Lab precipitation tracking season runs from Oct. 1st to Sept. 30th most years. Being only 110 days into the year, the Snow Lab reached its annual average.

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Now on to Summer!

Grays Crossing, Truckee California ~ Tahoe Mountain Club

This 750-acre property, within the Martis Valley, offering beautiful scenery and feeling of being in a remote location but only minutes from downtown Truckee. A neighborhood with wide meandering streets, mature trees and an expansive blue sky. Primary residence or second home living is welcomed here.

HOME_slideshow1 Photo by Tahoe Mountain Club

At Gray’s Crossing, it’s more than a community. It is commitment. Grays Crossing is committed to being an influence on preservation and appreciation of the land. Centuries ago, Native American legendary pioneer Joseph Gray, also the founder of Truckee, came to the area in 1863. Today, legendary people come to Truckee everyday! Creating memories for generations to come.

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Photo by Tahoe Mountain Club

A true four season destination area. Grays crossing offers activities for all. A Peter Jacobsen and Jim Hardy championship golf course, a grand fitness facility with swimming pools, spa and steam room. A plethora of paved hiking and biking trails. Nearby, Prosser Reservoir offers fishing, boating (non-motor) and swimming.

With no property ownership requirements or monthly minimums, the Tahoe Mountain Club gives you access to all of the Club’s private amenities, programs and 500+ Member events. Additionally, Members receive preferred access and rates at both Old Greenwood and Gray’s Crossing Golf Courses.

Schaffers-main-dining Photo by Tahoe Mountain Club

Tahoe Mountain Club is family friendly! They offer an upgrade option that is designed for Members to provide unaccompanied access to Club facilities for their extended family (grandparents, parents, children and grandchildren).

EXTENDED FAMILY

This upgrade option is designed for Members to provide unaccompanied access to Club facilities for their extended family (grandparents, parents, children and grandchildren).

Get unlimited access to Old Greenwood and Gray’s Crossing with this Membership upgrade.

GOLF ACCESS

Get unlimited access to Old Greenwood and Gray’s Crossing with this Membership upgrade. The upgrade can be used for single, couple or family access.

Complete with pool and fitness center, this upgrade allows Members unlimited access to the facility located at Gray’s Crossing.

GRAY’S CROSSING FITNESS

Complete with pool and fitness center, this upgrade allows Members unlimited access to the facility located at Gray’s Crossing.

A Tahoe Mountain Club membership will grant you access to four restaurants in the area. The Bearfoot Bar and Grill, Schaffer’s Camp, PJ’s Bar and Grill, Alpine Club and The Terrace.

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You can own here too! For the Contemporary Aficionado. A calm, airy space with a mix of traditional details, reclaimed wood, plush furniture and statement lighting. Thoughtfully designed home, with an open concept kitchen-dining-living room, laundry room, a master suite and second master accompanied by access to a quaint veranda with hot tub on the main level and two additional bedrooms plus a family room upstairs. Outdoor patio with fire pit, wooded views and a peak of the green golf course. A refuge to entertain and relax. 11081 Henness Rd is offered for $1,550,000 and sold Fully Furnished! www.GraysCrossingContemporary.com

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January is over and February brings thoughts of spring – and romance – so we thought you might enjoy the Market Comment from Nick Churton at Mayfair International Realty.

Homance

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Nick Churton of Chase International’s London office offers some timely real estate matchmaking advice as we head towards Valentine’s Day.

Good real estate brokers can be perfect sweethearts. It is always best to have someone by your side who values you, who will fight for you, who won’t argue (much), who will only hang around your home when you want them to, and always has your best interests at heart. Such a person may not make such a bad partner.

Of course there are good partners and bad partners. Selling real estate well rests heavily on the partnership built up between seller and broker. A good broker will lovingly put you and your property on a pedestal and then expertly and fiercely negotiate to achieve the best deal for you. On the other hand, a lesser agent or broker may only put your property on the internet with all their others and then haggle to find the easiest deal – easiest for them. There’s nothing good about a selfish Valentine.

There is a great difference between the two – often many thousands of dollars/pounds/euros/yen etc in the final price you achieve. You could come to love the former but hate the latter. The trick is finding the right Valentine broker at the outset. It’s a bit like finding the best boyfriend or girlfriend. They may look roughly the same at first but over time they all turnout very differently.

So if you are searching for the type of broker you could come to love this spring go on a few dates – invite a few to visit your home, give you some marketing advice and see how you get on. Then ask yourself which you would prefer, the cheap flashy one who brags a lot or the one with whom you feel most comfortable, the one with a background of stable and successful relationships – the one you would most like to introduce to your parents.

Annual Average Secchi Depth – Lake Tahoe 1965-2015

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Top 10 Home Projects to Recoup costs at resale by CAR

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Who doesn’t love Lake Tahoe in the summer? Growing up, my family spent the last two weeks of every August at Dollar Point outside of Tahoe City. I possess so many happy memories of waterskiing, horseback riding, tennis and lakeside barbecues, and I think everyone should spend some time at this beautiful west coast location.

For those of you planning a summer vacation in Tahoe this year, we’re lucky to have a list of some of the area’s must-attend summer events, expertly curated by Trinkie Watson. Considering Trinkie is a preferred Realtor for the Lake Tahoe Luxury Real Estate market, and the top agent for lakefront properties sold, she knows a thing or two about the best places to see and be seen.

Without further ado, here is Trinkie’s Tahoe list.

This tasty event is a benefit for the Gene Upshaw Memorial Tahoe Forest Hospital Cancer Center to raise money for the non-insured programs for cancer patients and caregivers. Held at the Ritz Carlton, this themed event is always a sell out.

Now in its 19th year, the all day showcase of Chase International’s lakefront properties is a very special way to explore the Lake Tahoe area. Don’t forget to try out a Tesla—test drives will be available at one of the estates.

This fashion show and luncheon benefit was first held in 1969, and this year it will be held as a tribute to its late featured designer, Oscar de la Renta. A grand event held at a beautiful estate on the water—don’t miss it.

The 43rd annual show features some of the most beautifully restored wooden boats in the world. In addition to the main event, a host of festivities surround the yacht show, including an Opening Night Dinner and Dance, a barbecue and awards presentation and a Ladies’ Luncheon and Fashion Show.
Held for three consecutive weekends in Incline Village, the concerts feature world renowned musicians in a formal full orchestra playing on the Sierra Nevada College Campus.
A total of five classical music concerts held in different locations, this fun and casual event demands an outdoor picnic, maybe even a bottle of wine.
The Nevada Museum of Art opening night gala and dinner for the TAHOE exhibit, August 21
The TAHOE exhibit will only be at the Nevada Museum of Art through the end of the year before moving to the Oakland museum. You’ll receive a fabulous, art-filled coffee table book when you purchase a ticket to the dinner.

Thank you to Trinkie for keeping us in the loop, and have a happy summer at Lake Tahoe!

Boat Ramp
Description

Boat Ramp to open April 15th!

The TCPUD is excited to present our newly rehabilitated Boat Ramp! The ramp is located 1.5 miles east of Tahoe City off Highway 28 on Lake Forest Road. All vessels must receive an inspection prior to launching – for a list of inspection locations and hours, please visit Tahoe Boat Inspections. You can also call TBI at 1-888-824-6267. For other available boat launching facilities, please contact the various marinas around the lake.

Current water levels should allow for most vessel size launches at this time, but we cannot guarentee this all summer. Inspections available at Alpine Inspection Station as of May 1st.

Ramp Details
Fees:
  • Daily (CA Resident)
$15
  • Daily (Out of State)
$20
  • Annual Pass (Resident)
$215
  • Annual Pass (Non-Resident)
$325
  • Summer Pass (Resident)
$195
  • Summer Pass (Non-Resident)
$275
Location:  1.5 miles east of Tahoe City off Highway 28 on Lake Forest Road.

Hours of Operation:

Wednesday-Sunday 8:00am-4:00pm INSPECTIONS AVAILABLE
Monday, Tuesday 8:00am-4:00pm SEALED BOATS ONLY
May 1st – Sept 30th 5:00am-7:00pm SEALED BOATS ONLY

 

Attention Tahoe Donner Residents!

Truckee Donner PUD plans to replace approximately 4,900 feet of pipeline at three separate locations along Northwoods Boulevard this summer, beginning in May and lasting through September. In addition to the pipeline replacement work, the TDPUD will also be performing some minor excavations along Northwoods Boulevard associated with the District’s internal communication network.

Northern Nevada 2015 – The Economic Renaissance

Northern Nevada 2015 – The Economic Renaissance

By Leah Wagner

Chase International

Corporate Relations Manager

March 27, 2015

 

Reno’s economic past conjures up images of smoke filled casinos and quickie divorces. While tourism still plays a significant role in the local economy, Reno’s gaming industry is shrinking, while new economic drivers such as warehousing, advanced manufacturing, data centers, technology and media are thriving.

 

The eyes of the world have been on Northern Nevada since Tesla Motors announced it would build an electric car battery plant here in September 2014. It’s expected to be one of the biggest buildings in the world and, if all goes as planned, Tesla will deliver up to 22,000 jobs,  (6500 direct jobs and another 15,500 + indirect jobs created through the multiplier effect) $100 billion in economic impact and a new industry to help power Nevada’s economy.

Soon after Tesla’s arrival in Northern Nevada, Solar City, with Elon Musk at the helm as chairman, announced on February 17, 2015 it is expanding its operations to Northern Nevada.

See: Jason Hidalgo “SolarCity launches solar service in Reno area, deepens region’s Tesla Ties” RGJ 2-17-2015

http://www.rgj.com/story/money/business/2015/02/17/elon-musk-solarcity-enters-reno-nevada-market-solar-technobubble/23527357/

Much attention on the Tesla Deal is focused on the electric vehicle market, but some analysts predict Tesla’s interests in the energy industry signify much greater impact for Northern Nevada.

 

See: John Solari: “Tesla’s Economic Multiplier Looks Good” RGJ, 12-22-2014

www.rgj.com/story/news/2014/12/22/john-solari-teslas-economic-multiplier-looks-good/20750317/

 

“Much of the conversation around Tesla has understandably centered on electric cars, but Tesla’s ambitions are much greater than that. In partnership with SolarCity, the company has set its sights on a network of solar energy generation and storage that could mean sweeping changes to the energy industry. Tesla is developing battery technology that it hopes will become the centerpiece of both vehicle power and home energy across the nation.

As a Morgan Stanley analyst told Bloomberg recently, “We believe there is not sufficient appreciation of the magnitude of energy storage cost reduction that Tesla has already achieved, nor of the further cost-reduction magnitude that Tesla might be able to achieve once the company has constructed its ‘gigafactory.’”

If Tesla’s battery technology becomes a supplement or alternative to nation’s electricity grid, as well as the dominate power source for electric vehicles, Northern Nevada’s gigafactory projections may have underestimated the long-term economic impact to the region.”

 

At a meeting hosted by Nevada Business Connections on March 18, 2015, Dean Haymore, Storey County Buildings and Planning Administrator further expanded on Tesla’s and SolarCity’s wide ranging technological and economic impact.

http://www.nevadaappeal.com/news/15530049-113/storey-county-bustling-since-tesla-motors-gigafactory-announcement

Mr. Haymore discussed the growth and evolution of the battery industry that is igniting a gold rush of high tech companies desiring to be located in proximity to the Tesla, Panasonic and SolarCity projects in Northern Nevada.

In three years, Tesla projects that battery technology advances will increase their vehicles’ range to 400 miles on a single charge. Tesla further projects that efficiencies in manufacturing will produce significant price reductions, greatly expanding applications for their batteries. Specifically, in 10 – 15 years, Tesla and Solar City plan to install their batteries in every home connected to solar panels on every home’s roof, and take every home off the grid.

Mr. Haymore announced that early in March 2015, Lance Gilman, Storey County Commissioner and exclusive land broker at the Tahoe Reno Industrial Center (TRIC) sold 2000 acres to a high tech company, and another 1200 acres to another high tech company.  All land in TRIC near the Tesla factory is now sold out. The companies located next to the Tesla factory will be server farms and high tech manufacturing, and have relocated from around the world for the strategic advantage of being near Tesla, Panasonic and Solar City.

Who are these companies?

Mr. Haymore stated, “Big names are coming. Bigger names than Tesla and Switch. Bigger deals than Switch, and Switch was a $22 Billion deal.”

Gov. Brian Sandoval stated the Tesla deal “changed the trajectory of Nevada forever” and that he envisions Northern Nevada as the “Cradle of Innovation”.

Reno has been nicknamed “The Eastern Suburb of Silicon Valley” and the “Heartbeat of the Tech Industry.”

Reno is living up to these new names with a series of sonic booms after the Tesla deal.

Just one month after the Tesla announcement, Northern Nevada became home to another electric car manufacturer, Cenntro Motors.

 

http://cenntromotors.com/company.html

 

In January 2015, Switch announced plans to construct a $1 billion data center to be located at the Tahoe Reno Industrial Center.

 

Switch’s Northern Nevada operations include a 3 million square foot facility – the same size as Tesla’s GigaFactory on a 1000 acre parcel. This center will store

data for the US Government & fortune 500 companies like Ebay &  Amazon, and create 5000 jobs – mostly highly skilled, many in the 6 figure salary range.

 

As impactful as Switch’s data center is to the Reno economy, what portends inestimable economic growth to the region is Switch’s construction of the “Super Loop.”

 

The “Super Loop”, a 500 mile fiber line connecting Northern and Southern Nevada with Northern and Southern California will make Nevada the most digitally connected State in the US.

 

For high tech companies that depend on the fastest and highest capacity data transmission, economic development experts predict Reno with its unrivaled tax advantages and strategic geographic location will become the gravitational center of the tech industry.  (In a private lunch with EDAWN VP Stan Thomas, Stan stated that EDAWN is in discussions with many high tech companies interested in Northern Nevada because of the Super Loop.)

 

On March 12, 2015, Koch Industries announced the opening of an IT Applications Center in Reno. The Reno location will primarily serve as a satellite office focused on providing Koch Industries IT capabilities in the areas of Applications (Development, Analytics, Support, Databases, etc.), Cyber-Security, Global Networks (Architecture, WAN, LAN, Voice, etc.), and Computer Platforms (Cloud, Virtual, Converged). The new facility will also serve as an innovation and creative space for meetings with strategic vendors and will allow the company to host discussions and brainstorming pertinent technology in support of the Northern Nevada IT community.

 

“The selection of Reno as the location for the satellite Applications Center of Koch Business Solutions is an incredible validation of the growth of IT in the region,” said, Mike Kazmierski, CEO of EDAWN.  “Koch is number two on Forbes’ list of America’s largest private companies, so to be selected by a company of this caliber just reinforces the latest success in the region following recent announcements by Switch, Tesla, Apple and others.”

 

Here are some other heavy hitters in the tech industry that have already chosen Reno as their new home:

 

Apple

Dell

Clear Capital

Ghost Systems

Further proof that Reno is the “Heartbeat of the Tech Industry”

 

Popular Mechanics recently named Reno one of the “Top Start Up Companies in the US”, and Reno was selected to Host NEXT City in 2015. In February 2015, the Economic Development Authority of Western Nevada (EDAWN) was the winner of the Innovation Ecosystem Award at the Global Innovation Summit. On March 5, 2015, The University of Nevada Reno hosted the Brooking Institution at an event where plans for an “Innovation District” were unveiled.

 

Link to the Popular Science article:

 

http://ncet.org/reno-named-one-14-best-startup-cities-america/?utm_source=Newsletter+01-29-15+FINAL&utm_campaign=01-29-15+newsletter&utm_medium=email

 

From EDAWN’s NEXT City press release December 15, 2014:

 

“The national non-profit media organization Next City will host its sixth annual Vanguard conference in Reno, NV. Vanguard is an annual experiential urban leadership gathering of 40 of the best and brightest urban leaders under 40.

 

The 2015 Vanguard will be the first held west of the Mississippi River. It’s fitting that Next City selected Reno – a growing city now experiencing a surge of new cultural and entrepreneurial activity – as our first West Coast partner. The city’s gaming industry is shrinking while new economic drivers such as advanced manufacturing, technology and media are thriving, bringing fresh creative energy to the city’s downtown. A three-hour drive from San Francisco and home to a research university, Reno is well-positioned for expansion of its tech industry”

Link to EDAWN wins innovation ecosystem award at global innovation summit:

 

http://www.edawn.org/news/edawn-winner-of-innovation-ecosystem-award-at-global-innovation-summit

 

“The Global Innovation Summit (GIS), held in Silicon Valley (February 17th-19th, 2015), gathered over 550 “new economy builders” from over 50 countries who met to discuss building innovation ecosystems; how to catalyze innovation across companies, cities, and countries sustainably; and how to accelerate entrepreneurship, technology, and impact at scale. The Global Innovation Summit recognizes the world’s leading companies, organizations, and communities that exemplify the broadest spirit of innovation, by transforming the systems around them. EDAWN was selected as one of this year’s ecosystem award winners for the combined success of attraction, retention, and entrepreneurial development efforts which are helping transform Northern Nevada’s economy.”

Link to UNR / Brooking Institution plans for “Innovation District”

 

http://www.nnbw.com/news/15389858-113/innovation-zone-comes-into-focus

Amazing Stats on Northern Nevada as it Leads the US in Economic Recovery

 

Nevada’s economy is the 3rd fastest growing in the nation as indexed by job creation, behind Texas in second place, and North Dakota in first. Economists predict Nevada will be #1 in job creation by the end of 2015, as Texas’ and North Dakota’s job growth is based in oil production, which is predicted to decline with falling gas prices.  Unlike the volatile nature of the oil industry, Nevada’s robust economic growth is grounded in diverse and relatively stable industries such as logistics, distribution, manufacturing and high tech. (Stats presented at “Directions 2015” economic forecast event 2-5-2015)

 

In 2014, EDAWN created 4179 jobs compared to less than 1000/ year in 2008 – 2011. (these and the following stats were presented at the EDAWN Economic Update 1-22-2015)

 

Unemployment in Northern Nevada fell 54% from 2011 @ 14.2% to 6.4% current. Projected to be close to 4% soon – “Virtual unemployment”

 

In 2011, EDAWN assisted 4.2 prospective companies / month to investigate N. NV, currently they assist 11 / month

 

EDAWN will soon announce 1270 immediate jobs from “very hot” prospects, ie; they have already selected N. NV and / or are in the process of acquiring real estate.

 

In addition to the above jobs, EDAWN has 140 Hot Prospect Companies  – highly probable to select N. NV in near future, bringing 3430 jobs.

 

EDAWN’s 5 year conservative projected job growth  – 51,060 new jobs

(However, at a private lunch with EDAWN’s VP Stan Thomas on 2-2-2015, Stan said this number is extremely low)

 

Northern Nevada’s robust pre-recession growth rate in the mid 90’s to mid 2000’s was 2.2%

 

EDAWN conservatively projects a 5% unprecedented explosive growth rate for the next five years.

 

Another source confirming the economic growth in Northern Nevada – at a meeting on 1-26-2015 at Reno City Hall – a manager from the City of Reno Permit office stated that building permits are up 20% from last year.

Why Reno is Emerging as the Economic Hot Spot of the West

 

Combine the elements of the world’s largest industrial park with natural advantages in geology and logistics and inject the catalysts of the most lenient tax and regulatory systems in the nation and the result is the unparalleled economic ecosystem of Northern Nevada. Add the ethereal beauty of Lake Tahoe and the surrounding Truckee Meadows, top executives choose Reno not just for the balance sheet but for work/life balance.

 

For an excellent, more detailed description, see EDAWN’s booklet, Why Nevada:

 

http://www.edawn.org/images/uploads/docs/Why_Nevada_-_FINAL_for_Website.pdf

Logistical Advantage

 

“What appears to be in the middle of nowhere is one of the major crossroads of the American West”  – Gary Koy, manager of the California Trail Interpretive Center

 

Reno is located at the intersection of two of the largest transcontinental highway systems in North America. US 395, connecting Canada to Mexico and I-80, which connects San Francisco to New York, converge in the center of Reno. Fortune 500 companies such as Amazon, Wal-Mart and Barnes & Noble picked Northern Nevada so their trucks could reach every major market in the West with economical one-day ground shipping.

 

Reno is proximate to numerous natural mineral resources and is also on a major rail line, efficiently connecting the products from Nevada’s mining industry to the US’s major marketplaces.

 

Tax Structure

 

Nevada has the lowest state income tax burden nationally, and is ranked third for business climate, which includes income, sales, and property taxes as well as unemployment insurance taxes.

 

Nevada has:

 

  • No corporate, personal, inventory or unitary tax; no impact fees
  • No estate, inheritance and/or gift taxes
  • No franchise tax
  • No Special Intangible tax
  • Lowest property taxes in the region
  • Foreign Trade Zone provides tax savings for qualifying companies

 

for more detailed information on the Nevada Tax advantage, see:

http://www.edawn.org/why-reno/incentives

 

Pro- Business Government Regulatory Environment

 

Elon Musk, Tesla Motors CEO, said Nevada didn’t give the biggest incentive package when it came to the deal to land the gigafactory.

“This is not just about the incentives,” he said. “Nevada is a “really get things done state. That was a really important part of the decision.” ​

Dean Haymore, Storey County, Nevada’ s community development director,  captured the county’s unique culture:

 

“I’m the first one to tell you I don’t like government. I don’t like taxes. I don’t like bureaucracy. We run as a business.”

 

Craig King, CHASE’s COO and I had the unique opportunity to have lunch on the day of the Tesla Announcement in September 2014 with Lance Gilman, Storey County Commissioner and exclusive land broker to TRIC.

 

Lance regaled us with stories of the Tesla deal. Tesla asked Lance what the time frame was for obtaining permits in TRIC. Lance pulled a permit out of his briefcase and said, “Here is your permit. I have a shovel in the back of my truck. Let’s go break ground right now.” The Tesla execs were astounded. Many factors went into the Tesla deal, but Nevada’s lightning fast, lack of red tape permit process catapulted Nevada ahead of the competition.

 

Nevada is a Right-to-Work State.

 

Right-to-Work Law secures the right of employees to decide for themselves whether or not to join or financially support a union.

 

Policy on Union Membership, Organization, etc.:

 

  • No person shall be denied the opportunity to obtain or retain employment because of non- membership in a labor organization.
  • Prohibited Activity: Agreements prohibiting employment because of non-membership in labor organization; strike or picketing to force or induce employer to make agreement; compelling person to join labor organization, strike, or leave employment; conspiracy to cause discharge or denial of employment or to induce refusal of work on basis of membership



Tahoe Reno Industrial Center  -TRIC

 

http://www.tahoereno.com/fast-facts/

 

Of all of the planets aligning to make Northern Nevada one of the most vibrant economic ecosystems in the US, Tahoe Reno Industrial Center wields gravitational pull the size of Jupiter.  Understanding the economic singularity and colossus that is TRIC is key to understanding the Northern Nevada Economy.

 

Home to heavy hitters like Apple, Telsa, Switch, Pet Smart, E-Bay, & Walmart , TRIC is located nine miles east of Reno in neighboring Storey County. Spanning a massive 107,000 acres, and covering more ground than the city of Las Vegas , TRIC is the largest industrial center in the world. While all of Northern Nevada basks in the economic advantages of geologic, geographic, logistical, tax and regulatory infrastructure, Storey County and TRIC hyper – concentrates these features in a master planned industrial center like no other in the United States.

 

Permanently and entirely zoned as “I-2 Heavy Industrial”, TRIC allows almost any type of use without the need for special or conditional use permits. Unlike virtually every other jurisdiction in the United States, permanent I-2 zoning insulates TRIC against the variances of election cycles and the composition of governing bodies that may or may not consider special use permits.

 

From TRIC’s website:

 

The scheduling risk is almost nonexistent,” said Lance Gilman, the industrial center’s principal and director. “The regulatory environment is zilch.” For a company coming in, they’ve got building permits in 30 days or less . . . That’s the value of deregulating your community.”

At first glance, it may seem to be the Wild West of building permits — no bureaucratic hoops to navigate; no extended waiting times for inspectors; no delay for blueprints to be examined. The contractor can be moving dirt on a site and the concrete slab can be poured within days of an application.

The county’s ability to make good on its promise of lightning fast permits is a tremendous selling point, helping to attract big-name companies to a state that is somewhat limited in its ability to compete in the tax incentive battle.

In other places, they may have 20 to 30 permits to pull or agencies to get approval from,” said Mike Kazmierski, president of the Economic Development Authority of Western Nevada. “Any one of which could stop the process.”

Many industries are making TRIC their home base, a direct result of TRIC’S deregulated environment.

 

See: Arms Companies: A Growth Sector, by Rob Sabo, Northern Nevada Business Weekly

 

http://www.nnbw.com/news/7098552-113/nevada-weapons-says-california

Conclusion

 

As the economic climate of Northern Nevada projects significant  (most likely explosive) growth in diversified high tech industries with predominately high wage jobs, the real estate market in Reno is projected to expand significantly as well.

The Drone Industry: A Northern Nevada Economic Hot Spot

The Drone Industry:

A Northern Nevada Economic Hot Spot

 

By Leah Wagner,

Corporate Relations Manager

We’ve all heard about that battery factory, but a multi billion-dollar high tech industry is flying under the radar into Northern Nevada.

The drone industry is predicted to generate over $90 billion dollars in the next decade, and Northern Nevada is poised to be a major stakeholder.

From “Nevada’s Mission to Build the Detroit of Drones”

By Satta Sarmah, in Fast Company October 30, 2014

http://www.fastcompany.com/3037419/nevadas-mission-to-build-the-detroit-of-drones

“We want to develop a new reputation for Nevada of being the Silicon Valley for autonomous systems,” said Warren Rapp, business director for the Advanced Autonomous Systems Innovation Center. The goal is to suck up the biggest share of the global drone market that will swell to an estimated $90 billion in the next decade.

Experts say the state is focused on building an industry for drone testing, for drone manufacturing and the development of other autonomous systems, such as Google’s self-driving cars, which were tested in Nevada. Mike Kazmierski, president & CEO of the Economic Development Authority of Western Nevada, said that the drone industry . . . could have a huge impact in the north.

“Manufacturing is one of our sweet spots,” Kazmierski said. “As we look at the long-term growth of the UAV industry, we see that as a growing segment of our economy.”

On December 30, 2013, the FAA selected Nevada as one of only six test sites for UAV’s (drones).

 

See the FAA press release:

https://www.faa.gov/news/press_releases/news_story.cfm?newsId=16334

 

“Nevada has been on the leading edge of aerospace flight testing for almost 70 years,” said Transportation Secretary Anthony Foxx. “Today, the state continues that tradition by contributing to the safe and efficient integration of unmanned aircraft into the U.S. aviation system.”

 

Nevada wields profuse natural endowments in geology and geography, substantial infrastructure assets and the most lenient tax and regulatory structure in the nation. These advantages to which no other state can compare entice the drone industry here.

 

See:

The Governor’s Office of Economic Development

and

The Nevada Institute for Autonomous Systems

 

http://diversifynevada.com/key-industries/aerospace-defense/uav

 

http://www.nias-uas.com/

 

 

Nevada’s Geological and Geographical Drone Advantage:

 

Nevada’s vast unpopulated areas and climate provide the best and most available air and space corridors:

 

  • 31,500 Square miles of Restricted Air Space – more than all other states combined

 

  • Diverse testing climates with 320 + days of clear weather and optimum flying conditions

 

Vast Infrastructure Assets and Test Sites:

 

Test sites:

 

Creech Air force Base

Nellis Air Force Base

Fallon Naval Air Station

Fallon Municipal Airport

Nevada National Security Site – Desert Rock Airport

Reno-Stead Airport

 

Nevada Research Institutions in Partnership with the UAV Industry:

 

Desert Research Institute

 

Located in Northern Nevada, Desert Research Institute partners with government, private industry and academic institutions to conduct UAV research.

 

 

See:

http://www.dri.edu/news/4568-unmanned-aerial-systems-uas-research-at-dri

 

“With aerospace projects, there can be a lot of behind-the-scenes research that’s essential to their success — which makes having DRI in this backyard a big asset.”

 

  • Mark Robinson , “Aerospace Industries expected to be Key Force in Northern Nevada’s Future” RGJ, March 1 ,2014

 

http://blogs.rgj.com/renorebirth/2014/03/01/aerospace-industry-expected-to-be-key-force-in-northern-nevadas-future/

 

 

From DRI’s website:

 

http://www.dri.edu/images/stories/news/media_kits/uav-fact-sheet-2014.pdf

 

“Recognizing the importance of assessing horizontal spatial heterogeneity and acquiring timely synoptic coverage of ecosystem processes, DRI faculty and students have been actively developing modern UAV platforms with several partner institutions. Examples of these efforts include the design, fabrication and deployment of sensors and sensor packages, real-time and post data collection analytics and data visualization utilizing DRI’s state-of-the-art, six-sided Virtual Reality Enclosure.”

 

University of Nevada Reno (UNR)

 

The University of Nevada is home to the Nevada Advanced Autonomous Systems Innovation Center (NAASIC). UNR is one of the few schools in the nation with a drone minor degree program offered through the College of Engineering.

 

http://www.unr.edu/degrees/uas/minor

 

from NAASIC’s website:

 

http://www.unr.edu/naasic

 

NAASIC, or the Nevada Advanced Autonomous Systems Innovation Center, was established in 2014 with $3 million in funding from the Governor’s Office of Economic Development Knowledge Fund. NAASIC is dedicated to partnering with industry to commercialize technologies in autonomous systems, including:

  • Stationary robotic systems •Advanced manufacturing systems
  • Unmanned aerial vehicles •Driverless cars   •Underwater robots

Truckee Meadows Community College (TMCC)

TMCC will be providing courses in UAV’s beginning fall 2015, and is in the process of developing an associate’s degree in UAV flight operations.

http://kunr.org/post/tmcc-launching-uav-certificate-program

“Students who complete TMCC’s one-year certificate program for Unmanned Aerial Systems Technicians will study UAV history and ethics, along with robotics and information technology. They’ll also get their hands on some of the technology being developed right now by the company Drone America, based in Reno.”

 

Unparalleled Business Friendly and Regulatory Advantage for the Drone Industry

 

Larry Lambert, VP and Co-Founder of Ashima Devices discusses the extraordinary advantage of doing business in Nevada:

 

From: “Rebirth: Is Reno at a drone tipping point?”, by Mark Robison RGJ 9-1-2014

 

http://www.rgj.com/story/money/reno-rebirth/2014/08/30/rebirth-reno-drone-tipping-point/14774007/

 

“In the end, Ashima came here because Reno sold itself and Nevada wasn’t California.

“We were looking for really everything Reno offered,” Lambert said.

“First of all, Reno’s friendly, Nevada’s friendly; they actually want us here. California could care less, while Reno opened up the door. There’s not one part of this town or this business environment that I’ve found the slightest bit negative; it’s all 100 percent.”

The Reno-Stead Airport provided space for Ashima to do tests.

“That’s huge,” Lambert said. “Could you imagine that any airport in California would give us free of charge — and allow us to set up our outfit on — a square kilometer of the prime UAV testing facility in the state? No, never, no.”

Even the press conference last week with Sandoval celebrating the Ashima news went smoothly

“In California, it would’ve been $200,000 and 40 lawyers and six months,” Lambert said about pulling off the announcement. “We just sat down with (the governor’s staff) and the Stead people and worked it out in about an hour — what does the FAA need, what do we need, what does the governor’s office want. EDAWN was there. And we worked it out. So instead of having a large bureaucratic war that spans months, we just worked it out with a couple water bottles and a morning.”

UAV Companies Selecting Northern Nevada for their Corporate Headquarters

Northern Nevada is home to giants in the UAV industry.

Drone America

http://droneamerica.com/

Headquartered in Reno, Nevada Drone America manufactures a diverse range of autonomous vehicles and systems, both aerial and terrain based with a wide range of industrial, governmental, and humanitarian applications.

Drone America’s flight services department provides civil and scientific customers with the ability to collect data where manned aircraft missions would be too expensive or too dangerous.  Unmanned aerial systems have unlimited potential, as new uses continue to be discovered. Some applications Drone America’s customers have used their systems for include:

Agricultural applications, including “GPS Precision Arial Prescription Application”, aka a high tech modern version of crop dusting

Remote package delivery

Natural Resource Protection, including Forestry Protection, Oceanic Monitoring and Protection, Wildlife Monitoring and anti-poaching protection

Environmental applications including pollution assessment via thermal and multi spectrum mapping, coastline and floodplain mapping, and cloud seeding for rain and snow pack

Industry and Infrastructure applications such as mining sites, electric and telephone line inspection, pipeline and windmill inspection

Military, Law Enforcement and First Responder applications such as search and rescue, fire suppression, HAZMAT response, border patrol for homeland security, port and waterway protection, DEA illicit drug transport detection and interdiction, crime scene analysis, imaging and incident recording

Ashima Devices

http://ashimadevices.com/

From: “Rebirth: Is Reno at a drone tipping point?”, by Mark Robison RGJ 9-1-2014

http://www.rgj.com/story/money/reno-rebirth/2014/08/30/rebirth-reno-drone-tipping-point/14774007/

“Ashima will move its headquarters from near the California Institute of Technology in Pasadena to Reno. It is expected to hire 50 to 60 area residents soon, eventually ramping up to about 400 after two years if all goes well.

The devices have the potential to generate big business for Ashima but also new work for nearby suppliers, researchers and parts manufacturers.

While it has a transitional office for engineers in downtown Reno, Lambert said, Ashima is prepping to build a drone factory in Stead.

“Getting a company that size in this new (drone) market is pretty incredible,” said Becky Morton, a longtime member of the American Society for Photogrammetry & Remote Sensing and chairwoman of a drone-focused conference the group will host in October in Reno.

“It could attract other firms that manufacture similar things or sensors or add-on products that can be complementary,” Morton said. Reno, she said, could become the Silicon Valley of drone technologies.

Flirtey

http://flirtey.com/

See: “Drone Startup Flirtey Partners with The University of Nevada, Reno To Push UAV Delivery Forward” by Jason Lim, Forbes 9-8-2014

http://www.forbes.com/sites/jlim/2014/09/08/drone-startup-flirtey-partners-with-the-university-of-nevada-reno-to-push-uav-delivery-forward/

Flirtey, a Sydney and Nevada based start-up is aiming to be one of the world’s first UAV delivery companies.  The company conducted a world-first drone delivery test back in October 2013 and to date has conducted over a hundred successful test deliveries of textbooks, with its partner Zookal.

Flirtey has struck a partnership with The University of Nevada, Reno, a leading research center for Unmanned Autonomous Systems (UAS). In exchange for equity, the University is providing access to its R&D labs for design, manufacture and research collaboration plus its indoor flight-testing facilities and supply graduate students to work with the company.

Flirtey is pioneering UAV delivery to make receiving packages as simple and as easy as possible, where customers no longer have to wait at home all hours for a delivery, or stand in line at the post office to pick up parcels. Flirtey’s vision is to provide drone delivery as a service, with its fleet of drones making autonomous deliveries directly to your location. Initially, Flirtey drones will trial deliveries over sparsely populated areas and within line of sight for deliveries that customers want within thirty minutes. Although Amazon has begun lobbying the Federal Aviation Administration to speed up its approval of the usage of drones for commercial usage, it will likely be a few more years until it really happens. Being in Nevada, Flirtey is well positioned when it does.”

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For release:
March 16, 2015

California housing market bounces back in February after slow start to year

LOS ANGELES (March 16) – Slowing home price appreciation and improving inventory combined to boost California’s housing market in February as existing home sales and median home prices increased from both the previous month and year, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.

Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 368,160 units in February, according to information collected by C.A.R. from more than 90 local REALTOR® associations and MLSs statewide.  Sales in February were up 4.7 percent from a revised 351,480 in January and up 2.4 percent from a revised 359,600 in February 2014.  The year-over-year increase was the largest observed since December 2012. The statewide sales figure represents what would be the total number of homes sold during 2015 if sales maintained the February pace throughout the year.  It is adjusted to account for seasonal factors that typically influence home sales.

“While February’s statewide improvement in the housing market was moderate, it’s an encouraging sign, nevertheless, as we head into the spring home-buying season,” said C.A.R. President Chris Kutzkey.  “On the supply side, housing inventory improved overall with active listings growing at a faster pace of 5.3 percent when compared to last February.  Regionally, both active listings in Southern California and Central Valley increased moderately from last year, while housing supply declined 10 percent in the Bay Area.”

The median price of an existing, single-family detached California home was essentially flat from January’s median price, inching up from $426,660 in January to $428,970 in February. February’s median price was 5.5 percent higher than the revised $406,460 recorded in February 2014.  While the statewide median home price is higher than a year ago, the rate of increase has narrowed significantly since early 2014. The median sales price is the point at which half of homes sold for more and half sold for less; it is influenced by the types of homes selling as well as a general change in values.

“The California housing market regained some traction in February as sales activity improved on a year-over-year basis for the second time in three months,” said C.A.R. Vice President and Chief Economist Leslie Appleton-Young.  “At the state level, the market is moving in the right direction as the growth of sales continues its upward trend and home prices start stabilizing.  At the regional level, however, the San Francisco Bay Area continued to be hampered by constrained inventory and low housing affordability.”

Other key facts from C.A.R.’s February 2015 resale housing report include:

• The available supply of existing, single-family detached homes for sale statewide in February was unchanged from the 5 months reported in January. The index was 4.7 months in February 2014.  The index indicates the number of months needed to sell the supply of homes on the market at the current sales rate.  A six- to seven-month supply is considered typical in a normal market.

• The median number of days it took to sell a single-family home shortened in February, down from a 52.4 days in January to 47 days in February but up from 40.1 days in February 2014.

• According to C.A.R.’s newest housing market indicator measuring sales-to-list price ratio*, properties are again generally selling below the list price, except in the San Francisco Bay Area, where a lack of homes for sale is keeping sales prices in line with original asking prices.  The statewide measure suggests that homes are selling at a median of 97.7 percent of the list price, down slightly from a ratio of 98.2 percent at the same time last year. The Bay Area is the only region where homes are selling above original list prices due to constrained supply with a ratio of 104.2 percent.

• The average California price per square foot** for an existing single-family home was $210 in February 2015, an increase of 2.5 percent from the previous month and a 4.1 percent increase from February 2014.  Price per square foot at the state level has been showing an upward trend since early 2012, and has been rising on a year-over-year basis for 37 consecutive months.  In recent months, however, the growth rate in price per square foot has slowed down significantly as home prices leveled off.  San Francisco County had the highest price per square foot in February at $754/sq. ft., followed by San Mateo ($689/sq. ft.), and Santa Clara ($552/sq. ft.).  The three counties with the lowest price per square foot in February were Siskiyou ($102/sq. ft.), Tehama ($107/sq. ft.), and Madera ($110/sq. ft.).

• Mortgage rates edged up in February, with the 30-year, fixed-mortgage interest rate averaging 3.71 percent, up from 3.67 percent in January but down from 4.3 percent in February 2014, according to Freddie Mac.  Adjustable-mortgage interest rates also rose in February, averaging 2.43 percent, up from 2.38 percent in January but down from 2.54 percent in February 2014.

Graphics (click links to open):

• February sales at-a-glance infographic.
• Unsold Inventory by price range.
• Year-over-year 6-month moving sales average.
• Share of sales by price range.
• Sales to list ratio.
• Price per square foot.

Note:  The County MLS median price and sales data in the tables are generated from a survey of more than 90 associations of REALTORS® throughout the state, and represent statistics of existing single-family detached homes only.  County sales data are not adjusted to account for seasonal factors that can influence home sales.  Movements in sales prices should not be interpreted as changes in the cost of a standard home.  The median price is where half sold for more and half sold for less; medians are more typical than average prices, which are skewed by a relatively small share of transactions at either the lower-end or the upper-end. Median prices can be influenced by changes in cost, as well as changes in the characteristics and the size of homes sold.  Due to the low sales volume in some areas, median price changes in February exhibit unusual fluctuation. The change in median prices should not be construed as actual price changes in specific homes.

*Sales-to-list price ratio is an indicator that reflects the negotiation power of home buyers and home sellers under current market conditions.  The ratio is calculated by dividing the final sales price of a property by its last list price and is expressed as a percentage.  A sales-to-list ratio with 100 percent or above suggests that the property sold for more than the list price, and a ratio below 100 percent indicates that the price sold below the asking price.

**Price per square foot is a measure commonly used by real estate agents and brokers to determine how much a square foot of space a buyer will pay for a property.  It is calculated as the sale price of the home divided by the number of finished square feet.  C.A.R. currently tracks price-per-square foot statistics for 33 counties.

Leading the way…® in California real estate for more than 100 years, the CALIFORNIA ASSOCIATION OF REALTORS® (www.car.org) is one of the largest state trade organizations in the United States with 175,000 members dedicated to the advancement of professionalism in real estate. C.A.R. is headquartered in Los Angeles.

# # #

February 2015 County Sales and Price Activity
(Regional and condo sales data not seasonally adjusted)

February-15 Median Sold Price of Existing Single-Family Homes Sales
State/Region/County Feb-15 Jan-15   Feb-14   MTM% Chg YTY% Chg MTM% Chg YTY% Chg
CA SFH (SAAR) $428,970 $426,660 r $406,460 r 0.5% 5.5% 4.7% 2.4%
CA Condo/Townhomes $367,180 $352,590 r $345,250 r 4.1% 6.4% 3.7% -7.4%
Los Angeles Metropolitan Area $409,810 $395,200   $383,080   3.7% 7.0% 1.3% -1.9%
Inland Empire $282,400 $267,070   $260,360 r 5.7% 8.5% -0.6% -5.2%
S.F. Bay Area $740,270 $668,520 r $673,410 r 10.7% 9.9% 11.6% -4.5%
                   
S.F. Bay Area                  
Alameda $697,160 $640,330   $627,550   8.9% 11.1% 2.1% -8.6%
Contra-Costa (Central County) $738,090 $723,960   $629,570   2.0% 17.2% 7.4% -13.4%
Marin $1,023,440 $982,140   $983,690 r 4.2% 4.0% 25.9% -8.5%
Napa $544,120 $400,000   $466,670   36.0% 16.6% 6.1% 6.1%
San Francisco $1,154,760 $986,610 r $1,062,500 r 17.0% 8.7% 28.4% -22.3%
San Mateo $1,200,000 $1,012,500   $970,000 r 18.5% 23.7% 23.3% -3.2%
Santa Clara $915,130 $815,000   $805,000 r 12.3% 13.7% 13.0% 0.9%
Solano $337,500 $326,510   $288,300   3.4% 17.1% 8.3% 17.7%
Sonoma $489,330 $468,180   $467,860   4.5% 4.6% 8.9% -10.1%
Southern California                  
Los Angeles $419,260 $441,610   $389,080   -5.1% 7.8% -0.3% -3.2%
Orange County $680,290 $674,340   $677,700   0.9% 0.4% 10.9% 6.3%
Riverside County $323,220 $306,060   $302,370   5.6% 6.9% 4.3% -7.7%
San Bernardino $213,930 $206,660   $186,440 r 3.5% 14.7% -7.8% -0.6%
San Diego $499,000 $496,380   $476,780   0.5% 4.7% 14.8% 5.7%
Ventura $568,840 $582,630   $558,490   -2.4% 1.9% -1.7% 6.4%
Central Coast                  
Monterey $500,000 $420,000   $500,000   19.0% 0.0% -7.7% 6.2%
San Luis Obispo $491,670 $478,720   $480,680   2.7% 2.3% -5.2% 6.4%
Santa Barbara $556,820 $690,220   $661,760   -19.3% -15.9% 5.7% 12.1%
Santa Cruz $675,000 $665,000   $600,000   1.5% 12.5% 15.8% 0.9%
Central Valley                  
Fresno $210,320 $211,470   $182,270   -0.5% 15.4% 10.0% 5.8%
Glenn $220,000 $162,500   $200,000   35.4% 10.0% -33.3% 75.0%
Kern (Bakersfield) $215,000 $195,000 r $195,000   10.3% 10.3% -6.9% -10.2%
Kings County $196,000 $172,500   $182,500   13.6% 7.4% 4.5% -19.3%
Madera $217,500 $245,000   $172,860 r -11.2% 25.8% -21.6% -43.1%
Merced $168,750 $168,750   $181,670   0.0% -7.1% 31.7% 10.7%
Placer County $375,380 $375,980   $370,090   -0.2% 1.4% 16.6% 9.1%
Sacramento $283,960 $256,670   $260,330   10.6% 9.1% 19.6% 11.5%
San Benito $450,000 $435,000   $399,000   3.4% 12.8% 22.9% 10.3%
San Joaquin $270,750 $263,360   $234,930   2.8% 15.2% 7.4% -1.8%
Stanislaus $237,680 $230,790   $215,380   3.0% 10.4% -4.0% -2.5%
Tulare $172,140 $173,330   $163,330   -0.7% 5.4% 23.4% 15.9%
Other Counties in California                  
Amador $271,430 $210,710   $206,250   28.8% 31.6% 30.4% -18.9%
Butte County $247,320 $231,730   $217,650 r 6.7% 13.6% 10.8% 33.7%
Calaveras $232,500 $223,000   $225,500   4.3% 3.1% 1.8% -5.1%
Del Norte $189,000 $152,260   $220,000   24.1% -14.1% -33.3% 71.4%
El Dorado County $384,880 $375,000   $332,050   2.6% 15.9% 19.1% 16.1%
Humboldt $250,000 $263,890   $218,750   -5.3% 14.3% 31.3% 55.6%
Lake County $184,290 $163,330   $170,000   12.8% 8.4% -6.3% -18.2%
Mariposa $250,000 $268,750   $225,000   -7.0% 11.1% -11.1% -33.3%
Mendocino $309,090 $258,330   $272,220   19.6% 13.5% 17.2% 6.3%
Nevada $334,000 $340,000   $305,000   -1.8% 9.5% -13.7% 16.7%
Plumas $192,500 $276,000   $118,000   -30.3% 63.1% 100.0% 81.8%
Shasta $225,860 $216,130   $186,000   4.5% 21.4% -2.9% -3.6%
Siskiyou County $148,330 $195,000   $130,000   -23.9% 14.1% -16.0% 16.7%
Sutter $213,330 $227,080   $188,000   -6.1% 13.5% 9.4% 7.4%
Tehama $150,000 $162,860   $237,500   -7.9% -36.8% -36.7% 26.7%
Tuolumne $195,000 $236,360   $222,730   -17.5% -12.5% 0.0% 0.0%
Yolo $372,860 $307,500   $333,330   21.3% 11.9% 39.4% 17.9%
Yuba $215,220 $204,170   $200,000 r 5.4% 7.6% 27.3% 55.6%

r = revised
February 2015 County Unsold Inventory and Time on Market
(Regional and condo sales data not seasonally adjusted)

February-15 Unsold Inventory Index Median Time on Market
State/Region/County Feb-15 Jan-15   Feb-14   Feb-15 Jan-15   Feb-14  
CA SFH (SAAR) 5.0 5.0 4.7 47.0 52.4 40.1
CA Condo/Townhomes 4.3 4.3 3.9 43.2 52.4 r 40.0 r
Los Angeles Metropolitan Area 5.8 5.5 5.0 58.7 63.0 48.0
Inland Empire 6.7 6.4 5.4 r 67.6 67.5 48.0
S.F. Bay Area 3.2 3.1 3.3 r 37.7 48.6 36.4 r
S.F. Bay Area
Alameda 2.8 2.6 3.1 48.8 56.1 48.7
Contra-Costa (Central County) 3.3 2.8 3.0 53.3 68.1 49.2
Marin 3.9 4.0 4.1 39.4 51.9 29.8
Napa 5.6 5.4 5.9 87.9 73.1 51.5
San Francisco 2.5 2.6 r 4.2 r 20.7 29.1 r 25.5 r
San Mateo 2.8 2.5 2.9 19.1 22.5 20.8
Santa Clara 2.6 2.3 2.5 21.3 25.4 19.8
Solano 4.2 4.2 3.5 47.8 50.5 37.7
Sonoma 4.1 3.9 3.8 52.1 63.8 50.6
Southern California
Los Angeles 5.2 4.9 4.6 51.1 54.8 43.6
Orange County 5.1 5.1 5.1 65.1 71.9 56.6
Riverside County 7.0 7.1 5.6 72.3 70.0 49.0
San Bernardino 6.2 5.4 5.0 58.1 63.5 45.8 r
San Diego 4.6 5.0 5.0 28.6 35.0 29.9
Ventura 5.8 5.2 5.2 66.5 72.6 58.3
Central Coast
Monterey 5.3 4.7 5.5 34.2 42.0 40.2
San Luis Obispo 5.6 5.0 5.9 39.9 37.9 47.2
Santa Barbara 5.8 5.4 6.3 46.6 54.9 28.1 r
Santa Cruz 3.5 3.9 3.7 28.5 46.0 49.9
Central Valley
Fresno 5.7 6.1 5.8 34.5 42.4 31.8
Glenn 4.0 2.7 9.5 70.7 82.8 98.3
Kern (Bakersfield) 5.0 4.5 r 3.7 r 33.0 37.0 30.0 r
Kings County 6.8 6.6 4.3 51.3 50.3 54.4
Madera 12.9 9.5 2.5 94.6 58.2 58.6 r
Merced 4.9 6.6 4.6 58.7 48.6 29.6
Placer County 4.5 4.7 4.2 39.5 42.7 26.5
Sacramento 3.4 3.9 3.8 27.8 34.2 25.7
San Benito 2.9 3.8 3.3 41.0 52.2 41.9
San Joaquin 4.4 4.6 3.8 35.5 39.3 25.4
Stanislaus 4.5 4.1 3.9 29.8 32.9 26.1
Tulare 5.4 6.3 5.9 49.5 49.7 40.4
Other Counties in California
Amador 6.4 7.4 4.7 110.3 115.2 36.8
Butte County 4.4 4.7 6.4 r 55.2 50.5 49.6 r
Calaveras 8.6 8.4 7.2 93.0 47.0 75.0 r
Del Norte 12.2 8.4 20.9 127.0 160.0 159.0 r
El Dorado County 5.5 6.0 6.1 62.7 79.9 46.4
Humboldt 5.9 7.5 9.3 77.1 56.8 52.8
Lake County 8.2 6.9 6.5 109.6 103.4 84.0 r
Mariposa 13.5 12.0 3.7 135.5 68.3 105.5
Mendocino 8.9 10.2 9.0 100.7 123.7 70.7
Nevada 7.3 6.0 7.7 52.0 60.0 46.5
Plumas 14.0 25.3 24.1 192.5 155.0 106.0
Shasta 7.9 7.4 7.1 64.2 71.2 55.2
Siskiyou County 15.2 12.8 16.7 56.4 122.1 110.3
Sutter 4.3 4.4 3.6 r 49.5 78.7 25.5 r
Tehama 10.0 5.7 12.9 45.5 53.8 70.7
Tuolumne 6.7 7.2 7.8 57.1 50.3 86.4
Yolo 3.4 4.3 4.2 29.1 45.5 28.1
Yuba 3.7 4.9 6.0 r 29.0 37.2 38.3 r

r = revised

 

DuPont Registry Nixon Mansion Spread April 2015

DuPont Nixon April 2015

March2015-5 March2015-17 March2015-18 March2015-19 March2015-20 March2015-21 March2015-25 March2015-27 March2015-36 March2015-37

Bunco

Just Sold! Split Lakefront West Shore Lake Tahoe

untitled

11111

Buyer’s Remorse…Despite feeling prepared to purchase

BuyersRemorse

Piers & Buoys – Update on TRPA Shorezone Ordinance Update
 

Recent funding issues have caused the shorezone update process to stall. TRPA is expected to procure the necessary funding in the next several months to resume work on the important shorezone ordinance update. TLOA objected to the use of mooring fees for these studies, and rightly so. Both states and TRPA have the responsibility to provide an updated ordinance package for the public since this regulation and policy direction will shape all aspects of environmental, recreation, and development potential for the next 20 years.

 

TLOA will monitor and engage in the process as it progresses, and we will keep our members informed. In the meantime, every lakefront owner should be assessing their structures to keep them in good repair, especially those with rock crib piers. While the water is low, it is an ideal time to consider cost-effective maintenance and repair opportunities. Please observe all laws and regulations when performing any work in the shorezone.

 

For now:

– No TRPA fees or registration required for buoys, boathouses, or boatlifts;

 

– TRPA is allowing qualified applicants to exchange a buoy for a boatlift;

 

– Repair, modification, and expansion of piers are being allowed during this interim period with some restrictions.

 

Visit the TRPA website for more information: http://www.trpa.org/programs/shorezone/

Chase ‘N Around Lake Tahoe February 2015

Chase ‘N Around Lake Tahoe
February 2015

Photo by: Julie Wight
THE MONTH OF LOVE…
WOW, January flew by in a blink of an eye! Here in the Lake Tahoe region we rely on the weather gods to bring us rain in the fall and snow in the winter. Well, we haven’t received much of either but are optimistic that this month will be the one! The one to remember.  In the meantime, be and do what you LOVE!

MARKET UPDATE & INTERESTING ARTICLES:

Tahoe Home Prices Continued to Rise in 2014 More Growth Expected in 2015

Lake Tahoe real estate continued to climb last year, as median and average home prices increased seven and four percent (respectively), throughout 2014.Sue Lowe, corporate vice president for Chase International, attributes the decline in sales to availability, that there are simply fewer homes available for buyers re-entering the market. “We like slow and steady improvement,” Lowe said. “It’s a sign of a stable and healthy market. Sales will catch up and further increase home values.”

Read the Full Article

 5 Cities Poised To Be The Next Silicon Valley Tech Hub

 Los Altos, CA, in the heart of Silicon Valley, had become the most expensive market in the U.S. with a median sale price of $2.3 million. This has also spiked rental costs, which commonly exceed $2,000 per month for a one-bedroom.  Which Cities are on the List?

FEATURED PROPERTYCALIFORNIA


An Estate to Estivate

A sanctuary in the trees! This estate w/ 3 beautiful acres, a 5000+ sq. ft. home, a sport court, and just enough of a peak of Lake Tahoe to remind you what lies beyond. Ground level holds an in-law suite with small kitchen area and own access, wine room, and storage. 2nd floor is where you will find a spacious great room w/ full bath; 2 guestrooms w/ shared bath, and laundry. The top floor holds an expansive open concept kitchen, dining, master and living room w/ access to deck and views! Offered at $2,500,000

FEATURED PROPERTY – NEVADA

507 Driver, Incline Village
507 Driver, Incline Village
Get in the Driver’s Seat

Location, acreage, style. Prestigious east slope with south and west panoramic lake view. 2+ acre lot. Easy all year access. Magnificent F.L.Wright like with timeless design: old world craftsmanship, in-laid floors, use of extensive rough granite, contemporary kitchen motif, junior master on living level, mammoth master bedroom with sitting area and two baths, extensive decking for outside entertaining. Offered at $3,895,000

TOP PICKS – WHAT TO DO

Feb 14th – Saturday

Valentine’s at High Camp

Spend Valentine’s Day with your special someone at Squaw Valley’s Terrace Restaurant. Take a spectacular
Aerial Tram ride to 8,200′ and enjoy and exquisite course prefixed menu that welcomes both couples and families alike. Squaw.com

February 21 & 22
The Rahlves’ Banzai Tour is racing in it’s purest form. Big mountain freeride meets ski / boarder-cross action! Taking place at three Lake Tahoe, CA resorts it’s head to head action four at a time, top to bottom, down a wide open course over natural terrain and snow conditions. Rhalves Bonzai Tour – Alpine Meadows

February 26th – March 8th

Pray, think, dance for snow this season and we’ll have a white-out winter for SnowFest! All the snow-reliant events will be in full-effect: The Naughty Dawg Pull, Whacky Human Bowling, Snow Sculpting, etc. Come and joint the winter white fun for this year’s SnowFest!
SnowFest Events Calendar

 

It’s time to fall in love.

Chase International is renown for our heart-centered approach to building relationships and dreams.  A large part of our success is in matchmaking; finding the right person to love your home and finding a home that you will fall in love with.

Give me a call so I can help you find that warm and cozy place for your next romantic dinner. Until then, take your sweetheart to one of our favorite restaurants around the lake.

 

 

 

STAY INFORMED

SquawAlpineGet the latest lift status, weather conditions, lodging deals, events and more at Squaw Valley/Alpine Meadows by signing up for the Tahoe Ski & Ride Report. Plus, you’ll be entered in the weekly drawing to win 2 Adult lift tickets!

SquawAlpine.com *bottom right hand corner

 

A select group of Tesla Model S drivers have a new option for recharging on the long road from San Francisco to Los Angeles – battery swapping. Off the I5, drivers can pull in and let an automated system pluck out their car’s battery pack and replace it with one that’s fully charged. The whole process takes 3 minutes. Read More

* Chase International will have Tesla charging stations at our offices!  Coming Soon!

Mayfair International Realty

From Our London Office….

A London Eye on the Market
 

Nick Churton of Chase International’s UK office in London takes a look at the year ahead in the international real estate market and finds a great deal to be optimistic about. This is a great time to take stock, look at the months ahead and keep a weather eye on international indicators. Like never before the health of local real estate markets – especially in the luxury sector – is linked to the health of the global real estate community as a whole.   Read More 

 

 

 

 

 

 

 

 

Trinkie Watson, CIPS CLHMS

Regional Lake Tahoe Broker

530 582 0722  800 783 0722

BRE# CA 00326518  NV  001022  

 

“A Boutique Broker with Premiere Properties for Discerning Buyers”

www.TrinkieWatson.com
Selling Lake Tahoe Luxury for Over 30 Years!

Call me for an update on the Lake Tahoe regional market for yourself or your clients!

RECENT SOLD PROPERTIES

4784 N Lake Blvd

    4784 N Lake Blvd                           4000 W Lake #21                  11550 Bottcher Loop
         $2,201,000                                     $2,275,000                              $1,200,000

What Season should I list my home?

8ad6572833b240c7cff2213de3d5ab59

Luxury real estate ownership in America has never been more secretive
by Megan Willett at Business Insider

On Saturday, The New York Times released a fantastic investigation into the influx of foreign wealth in the New York City luxury real estate market.

25 Columbus CircleStreetEasyAt a time when luxury real estate is dominating the New York skyline, LLCs and trusts are getting a closer look.

Looking at more than 200 limited-liability corporations (LLCs) and trusts, The Times’s Louise Story and Stephanie Saul attempted to unravel who exactly lived in the Time Warner Center and other “Billionaires’ Row” highrises.

The report took 13 people an entire year to put together, which they did by “searching business and court records from more than 20 countries, interviewing dozens of people with close knowledge of the complex, examining hundreds of property records and connecting the dots from lawyers or relatives named on deeds to the actual buyers,” the reporters wrote.

That alone should put into perspective how slippery real estate LLCs and trusts have become. Thanks to these types of shell companies and the lack of incentive to regulate them, luxury real estate has never been more secretive.

Take for example One57, home to the city’s first apartment to sell for over $100 million. Of the 27 units that have been sold so far, over half of them are owned by LLCs and trusts to maintain the owners’ privacy.

This is happening elsewhere in Midtown, too. According to The Times, Bloomberg Tower is 57% owned by LLCs or trusts, The Plaza’s ownership is 69% such arrangements, the Time Warner Center is at 64%, and 15 Central Park West is at 58%.

At some of these residences, only a third of the owners actually live there at any one time, the Times reports.

These secretive ownership arrangements are not limited to the glossy penthouses of Manhattan. According to data from First American Data Tree that The Times analyzed, 44% of sales over $5 million in the US were to shell companies.

The fact that the world’s 1% are using real estate purchases as their own private bank accounts is nothing new. New York’s real estate in particular is a prime option because it leads to such stable returns.

new york apartments compared to nasdaq chartCourtesy of Wei Min TanThe returns on luxury apartments are very stable, making them a safe investment choice.

But what The Times points out in its investigation is that these secretive purchases can allow corrupt officials and billionaires to keep their assets hidden away from victims and foreign governments.

Even if you were to somehow pin down a name associated with an owner (or their relatives or lawyers), the fact remains that trusts and LLCs can transfer ownership without any real estate record. Many of the sales are also in cash, according to The Times, so there are no mortgage statements or public documents.

Though there have been a few attempts to make real estate ownership more transparent, the main argument against doing so is that it could hurt the economy. If these wealthy individuals didn’t feel safe buying property in America, they would just spend their money elsewhere.

one57 rendering viewCourtesy of One57The view that the owner of One57’s penthouse will have of Central Park.

The hope in New York is that despite rising rents, a homeless crisis, and a lack of affordable units, the money from these multi-million penthouses and pieds-à-terre will eventually trickle down.

And in the meantime, luxury buildings will continue to rise and court the mega-wealthy from around the world.

“I don’t see some kind of global effort to stop all this because the money’s too good,” said David M. Crane, a Syracuse University law professor, told The Times.

Read more: http://www.businessinsider.com/luxury-real-estate-owned-by-trusts-and-llcs-2015-2#ixzz3RHJZQQBF

State Region County Totals

Bay Area & So Cal

Central Coast & Central Valley

Sacramento and Nevada CountiesPlumas through Yuba County

2014 Millennial Survey by California Association of Realtors

2014_Millennials_1

Dollar Volume Steadily Improving – CAR Housing Market Outlook

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Adapt Your Home to Its Selling Season

Adapt Your Home to Its Selling Season

Play up your home’s amenities for the season in which you choose to sell.

There’s a selling myth that you should wait till springtime to sell your home. While spring is the busiest season for real estate sales, people buy homes 365 days a year. If you decide you need to sell your home in the off-peak season, emphasize its seasonal amenities.

Choose Your Selling Season

Because many buyers prefer to move in the spring or summer, the market starts to heat up as early as February. Families with children are eager to buy so they can move during summer vacation, before the new school year begins.

The market slows down in late summer before picking up again briefly in the fall. November and December are traditionally slow months, although some astute buyers look for bargains during this period.

Despite these trends, not everyone’s situation will be the same. Ask yourself questions like these:

  • How quickly do I need to move? If you need to relocate quickly for a new job or family emergency, you’ll need to sell as quickly as possible. If your moving dates are more flexible, you may be able to get a higher sale price in the spring or summer.
  • What season will your home be most desirable? If you’re selling a lake or beach home, for sale homes will be most in-demand in the early spring and summer months. A ski chalet in Aspen would make more buyers bite during wintertime.

Once you’ve chosen your selling season, play up its perks!

Master these tips for a successful home sale no matter what season it is:

Winter Selling Tips

    • Clear snow and ice away from walkways and stairs. If you live in an area with lots of snow and ice, keep walking areas salted and shoveled. Buyers and agents want to see that your home is well maintained, and, of course, you’re not likely to wow a house hunter if they fall on the way in and break a leg. Learn more about boosting your winter curb appeal.
    • Stage it outside. Even if the grass is brown and the patio is snow-covered, you can still do some outdoor staging. Tasteful winter wreaths and garlands can make your home seem welcoming. Just like inside the house, pick decorations that will appeal to a wide variety of buyers — blow-up snow globes and giant plastic Santas are probably no-nos. Learn more about staging for the holidays.
    • Make it cozy.
    • When it’s cold outside, a toasty, warm interior is sure to appeal to buyers. If you have a wood or gas stove or fireplace, a showing or open house is the perfect time to light it up and show it off. Burn some scented candles and place warm, fuzzy throws on the furniture to make your house seem even homier.

    • Clean up your windows.
    • In the

winter

      , dull, dusty windows can go unnoticed. Making them sparkling clean will let much-needed light in. You can have a gorgeous room, but if the windows are dirty, it won’t look as beautiful or as bright. Pull back dark window treatments and adding a shade or valance for a touch of color. Or, you can also replace window treatments with ecru or

white

    sheers for an elegant look.

Fall Selling Tips

  • Keep your lawn in shape. Just because summer is over doesn’t mean you should abandon your lawn. Patch up any brown spots in the grass, and keep falling leaves at bay with frequent raking.
  • Get a fall garden. As your summer plants start to fade, replace them with vibrant mums or other colorful plants. Tasteful fall decorations, like pumpkins or tri-colored corn, can also add to your home’s curb appeal.
  • Get indoor fall decorations, too. Without breaking the bank, get a few fall-colored decorations, like inexpensive window treatments or seasonal dinnerware. Fresh decor will make your space seem current and well-maintained.
  • Repair outside lights. As the days get shorter, you may end up showing your home in the dark. Make sure your outdoor lights are clean and working — if they’re dirty or broken, buyers will get a bad feeling before they even come inside.
  • Keep exterior photos of your home up-to-date. If you listed your home in the summer, update your online photos with brand new fall shots. Pictures from the previous season make your listing seem dated.

Spring Staging Tips

  • Whip your yard into shape. When you’re selling in the spring, you need to get your yard in shape as quickly as possible. Clear winter yard debris, and get frost-resistant plants that won’t be affected if a late cold spell hits. Or, invest in silk flowers for a touch of color that you don’t have to worry about watering.
  • Do some spring cleaning. It’s natural to want to spruce up your space in the spring, so scrub away! A sparkling home will impress buyers and make your home seem even more appealing.
  • Box up your winter wardrobe. Bulky winter clothes take up lots of space, so move them out as you de-clutter your closets. You’ll impress buyers with all that space.
  • Spruce up the entryway. If your welcome mat is covered with winter dirt, pick up a new one. A clean, pretty doorway will help set the tone for the entire showing.
  • Bring spring aromas indoors. Spring is not only a colorful season, but a fragrant one, too. Bring the aroma indoors. Scents have a profound effect on mood, so infusing scent into your decor with diffusers, candles, fresh cut plants/flowers, or incense can change the overall feeling of a space.
  • Bring out the bright colors. Tuck away the heavy, winter flannel comforter and pull out crisp linens with coverlets for color. Bring in the spring with floral-designed spreads or colorful solids. Don’t forget accent pillows for added style and comfort.

Summer Staging Tips

  • Highlight your outdoor areas. This is your outdoor space’s chance to shine. Clean your deck, porch, patio or outdoor kitchen, and repaint or make repairs if necessary. No deck? Arrange chairs or outdoor furniture in your yard to create the illusion of an outdoor room. Make necessary repairs to your home’s exterior, including your siding and windows.
  • Play up the pool. A pool is a huge selling point during the sweltering days of summer. Keep yours clean and debris-free, and create a seating area near the pool where buyers can imagine themselves floating through the cool water.
  • Spruce up your landscaping. Make sure your lawn and flower beds aren’t languishing in the summer heat. Add pops of color to your entryway with potted plants.
  • Add value and security with lighting. Frame your walkways and driveways with lights for a stylish touch.
  • Don’t skimp on the air conditioning. House hunters will want to escape the heat so make sure your home is nice and cool. Set the thermostat at a comfortable level, so it doesn’t feel like an ice box either.
  • Provide refreshments. Even though you likely won’t be home for a showing, greet buyers like you would party guests. During the dog days of summer, set out a cool pitcher of lemonade for buyers. Anything you can do to make them linger a little longer can only help you sell.

Explore Lake Tahoe, California/Nevada With Trinkie Watson

Explore Lake Tahoe, California/Nevada With Trinkie Watson, CLHMS

  • Market Image
  • The residential crowd is made up of…

    The residential crowd in Tahoe is incredibly diverse. Due to the wide range of activities that draw people to the area, it is difficult to pinpoint one demographic. The close proximity to the Bay Area and Silicon Valley allows for convenient second home ownership. They come here to Ski, Boat, Mountain Bike, Hike, Golf, and simply relax with an amazing view. We see the whole spectrum here from young families to retirees.
  • The community vibe is…

    The community vibe is just as varied as the people that we attract. There is a neighborhood for everyones needs. The West Shore has an old Tahoe feel with a slower pace of life, the North Shore is a bit more bustling with activity and events. South Lake Tahoe caters to the folks looking for a night life that only a casino can bring! Truckee is made up of some great golf communities, a historic downtown area for shopping, dining, and family activities. We truly have something for everyone.
  • The lifestyle offered is…

    The lifestyle offered in Tahoe is Mountain and Lake living made easy. Wilderness, recreation, and some luxury thrown in for good measure. Spend a day on the lake or the mountain and then go to a five star restaurant for dinner. Or better yet, hire a chef and have the dinner come to you!
  • The most popular building type you’ll find is…

    Just like the wide variety of cliental that we attract, we have a wide variety of building type. From Old Tahoe chalets to modern steel and glass, there is no one type of architecture here.
  • The average home price is…

    The average home price for Lake Tahoe is… not easy to define. Our market has Estates listed up to $34 million on the East Shore, Nevada (Lake Tahoe) all the way down to $84,000 lots (vacant land) in Truckee, California. There is a property for everyone in any price range!
  • The area’s greatest highlight is…

    With it’s vast size, many beaches, and wide variety of water activities to participate in Lake Tahoe is a major draw for people to our area. The surrounding mountains and peaks are the icing on the cake; whether biking, hiking, skiing, or simply enjoying the vistas there is no shortage of fun here in the Sierra! The new addition to the Truckee Tahoe Airport Surf Air! Surf Air is an all-you-can-fly membership airline flying between Silicon Valley, Los Angeles, Santa Barbara, Lake Tahoe, Oakland and Carlsbad.
  • The area’s best driving-distance getaways are…

    The Lake Tahoe and Truckee region is a short 3 hour drive from the San Francisco Bay area and Wine Country. Those looking to get away from the hustle and bustle of the city find it an easily accessible home away from home. The Lake Tahoe Scenic Drive is a beautiful paved drive that makes a 68-mile loop around Lake Tahoe in California and Nevada. The route follows three paved highways: US 50, NV 28 and US 89. Along the way, the scenic drive passes through the nice and popular towns of South Lake Tahoe, Tahoe City, Incline Village, King’s Beach, and several other small towns.
  • The best spot(s) to dine casually:

    For casual dining on Lake Tahoe, Garwoods (North Shore) or Sunnyside Café (West Shore) are hard to beat. Both have great menus, outside dining and incredible vistas. Tie up to the dock, or ride your bike to either. In Truckee, head to Moody’s, here you’ll find visitors and locals alike enjoying the interesting fare, great atmosphere, and live music many nights of the week. Marty’s Café in Truckee, CA is evolving and bringing fresh, home-style and unique options. With a diverse kitchen, [the Café’s chefs have] a plethora of experience and talent; you will find it to be the best place you get your Sunday brunch or a quick midweek sandwich, [and you will be sure to enjoy its] unique and ever-changing dinner menu.
  • The best spot(s) to dine fancily:

    There is no shortage of fine dining in and around Tahoe. Christy Hill, located in Tahoe City, offers views of the lake and a lovely menu. Trokay and Stella, both in Truckee, are a must for those who consider themselves a “foodie” ; with constantly changing menus they promise to deliver a culinary journey. Truckee Tavern & Grill in Truckee, CA. Truckee Tavern’s food and beverage offerings include the freshest, highest quality local ingredients, farm-raised, hormone free meats, and locally grown produce. Menu items showcase the incredible diversity of food available in California. The menus change continually to reflect the seasons, changing tastes, and availability to give the feel of moment. Retaining crowd favorites with new and exciting interpretations invoke the anticipation [of the eatery’s] regulars. These offerings will be paired expertly with the finest wine, spirit and beer selections. Truckee Tavern’s spirit program draw from Truckee’s rich history of bootlegging during Prohibition and focus on artisanal small batch gin and whiskey, the two main distillation products from Truckee during that era. This will be coupled with a thoughtfully chosen selection of fine rum, vodka, brandy, tequila, mescal, liquors and cordials, all complementing the overall experience.
  • The best spot(s) to dine with a large group:

    If you are hosting a large group and are hoping to get everyone out on the town for a night look no further than the classic Cottonwood, perched above Truckee with great views of town this restaurant has both a large deck and great room with space to accommodate a crowd, no matter the season. Ask for your tables to be set up near the fireplace for a truly special feel. Zano’s Family Italian & Pizzeria. The restaurant combines the flavors of Italy with the hospitality of the Sierra Nevada. It offers a warm and friendly environment and we would like to keep it that way. Create your own custom pizza or sample one of the restaurant’s specialties; Zano’s bakes pizza for both take-home and dine-in. In addition to the delicious pizza, the eatery serves incredible pasta, amazing salads, and Italian family favorites including veal picatta, hearty lasagna, and penne with meatballs. At Zano’s, it is simply its workers’ genuine belief in themselves that sets the restaurant apart from the competition.
  • The best spot to…Play Outdoors:

    Tahoe offers an endless amount of activities to cater to all types of outdoor enthusiast. World class skiing, mountain biking, hiking, boating and golf abounds. No matter the season, there is something to do with a beautiful view.
  • The best spot to…Go Shopping:

    Historic Downtown Truckee is a quaint area full of locally owned boutiques, art galleries, and gear shops to get you ready for the slopes and trails. When you have worn yourself out shopping, there are a variety of restaurants and cafes to take a break and enjoy a meal.
  • The best spot to… Get pampered for men and women:

    For both men and women, there is no place like the Spa located in the Ritz Carlton, Lake Tahoe. Nestled in the heart of the Northstar California Resort, the Ritz Carlton boast the most luxurious spa in the Area. A perfect setting for a bit of indulgence!
  • The best spot to…Bask in the Sun:

    With no shortage of amazingly beautiful beaches on Lake Tahoe, it is hard to name just one! Whether you are looking for a game of beach volley ball, a perfect spot for your child to play in the sand, or remote and quiet, there is something for everyone.
  • The best spot to…Best Spot to Catch a Wave:

    When the winds are crossing the lake just right, the beaches of Incline Village on the North Shore of Tahoe are perfect for a bit of surfing.
  • The neighborhood stands apart from its surrounding residential environs because…

    The area stands out because of all it has to offer. There are some many options for everyone at any price point. From fractional ownerships, modest cabins, to luxury estates we have it all. No one is left out of the Tahoe market.

2014 3rd Quarter Market Statistics for The Lake Tahoe Region

2014 3rdQuarter Stats TC2014 3rdQuarter Stats TD 2014 3rdQuarter Stats ES

On September 9th two Gray’s Crossing lots will be auctioned at a Sheriffs Sale.

grays crossing

(picture: Gray’s Crossing golfintahoe.com)
The minimum bid is less than $15,000 for each parcel and represents delinquent Mello Roos assessments, penalties and fees. Truckee Donner PUD is the administrator for collecting assessments and making the Mello Roos bond payments on behalf of the property owners in Gray’s Crossing.

Interested parties can get the calculation of Mello Roos assessments and fees subsequent to the judgment (minimum bid.)  A title report should be obtained to identify any delinquent amounts due to other agencies such as Nevada County, the HOA, etc.

Sneek Peak…….Carnelian Bay, Lake Tahoe……

2014-08-26 12.29.33

2nd Quarter Real Estate Stats for the Lake Tahoe Basin

2014 2ndQuarter Stats LakeTahoe TOTALS

2014 2ndQuarter Stats LakeTahoe TOTALS_1

2014 2ndQuarter Stats TRK

2014 2ndQuarter Stats TD

2014 2ndQuarter_BANDING GRAPHS

2014 2ndQuarter Stats SQUAW NORTH TOTALS

2014 2ndQuarter Stats TC

2014 2ndQuarter Stats Incline Village 2014 2ndQuarter Stats East Shore


Media Contact:  Katie Shaffer
East River Public Relations
530-214-8790
[email protected]

For Immediate Release

Reno Home Prices Continues to Climb

RENO, Nev. (July 7, 2014) – Home prices jumped 15 percent throughout Reno and Sparks, pushing the median home price to $234,900. The increase in prices bumped sales volume up 13 percent, while the total number of homes sold stayed relatively flat, according to a quarterly report released by Lake Tahoe-based real estate company Chase International.

The report, which accounts for all sales in the region from January 1 through June 30, and compares them to the same timeframe of 2013, showed that Sparks experienced the bigger increase to sales volume (21 percent) as well as median home price (19 percent to $225,000). The median price of a home in Reno is $240,000 (up 12 percent).

“The Reno-Sparks area has just been quietly rising through the ranks,” said Susan Lowe, corporate vice president of Chase International. “Some markets have had setbacks and surges, but home values here have been rising steadily. The city itself is really flourishing and establishing itself among big businesses and tech companies in the West, and that has a positive effect on real estate in the region.”

Carson Valley also saw a rise in median home prices (ten percent to $265,000) but with a seven percent decline in sales volume.
About Chase International:  Headquartered in Lake Tahoe, Nevada since 1986, with ten offices in the region (Zephyr Cove, Glenbrook, Incline Village, Tahoe City, Squaw Valley, Graeagle, Truckee, South Lake Tahoe, Carson Valley and Reno) and one in London, England, Chase International and its exclusive affiliations handle a large share of the country’s property. With 260 professional Realtors® boasting an array of industry certifications and the highest volume per sales agent in the area, Chase International successfully represents homes at all price levels.  For more information about Chase International, visit www.chaseinternational.com.

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For a copy of the Sierra Heritage Magazine go to http://www.sierraheritage.com/magazines/at-home or contact us!

Lake Tahoe Enviromental Improvement Program

EIP_15_Years_Banner_FINAL_web

Tahoe Real Estate Market
Continuing to Show Appreciation
Tahoe Market Home Sale Prices are Up

ZEPHYR COVE, Nev. (April 14, 2014) –The Lake Tahoe real estate market experienced notable increases in both average and median home prices during the first quarter of 2014, which is good news for sellers.  For Tahoe as a whole, which combines the East Shore, South Shore, Tahoe City and Incline Village/Crystal Bay markets, the volume of sales was down nine percent.  Yet the median home price in Tahoe increased 12 percent and the average price climbed 11 percent to $876,611.  The entire region has had record lows in inventory contributing to the decrease in units sold and volume sold.  The one sector at Tahoe where the volume of sales increased, was at the ski resort communities of Northstar, Squaw Valley and Alpine Meadows, by 39 percent.

The most impressive numbers to come out of the region recently were in Tahoe City where sales volume jumped 48 percent over last year at this time, with $53,884,250 in volume sales recorded in 2014’s first quarter.  Tahoe City’s average price increased a whopping 113 percent to $1,314,250, and the median price climbed 51%, from $417,000 last year to $630,000 during this year’s first quarter.

Incline Village showed an increase in average price of 23 percent, to $1,703,476.  The number of units sold in South Shore over $1 million jumped by 100 percent.  And the average price in South Shore increased by 20 percent, to $436,884. The East Shore market was down, due to several large sales that transpired in 2013 and a continued lack of inventory.

These figures are part of a quarterly report released by Lake Tahoe-based real estate company Chase International.

“There continues to be an uptick of interest and sales in the market’s upper end offerings,” said Sue Lowe, corporate vice president for Chase International. “And in the under $1 million market, prices are continuing to climb.”

Lawrence Yun, chief economist for the National Association of Realtors notes that NAR’s forecast for home sales is to be lower by five percent in the first half of this year versus the same period a year ago.  However, Yun predicts that sales are projected to be two to three percent higher in the second half of the year, and home prices, because of a nationwide inventory shortage, will keep marching higher.

The Truckee market posted some impressive gains with a sharp jump in median price of homes sold—up 29 percent to $635,000 and an average home price increase of 24 percent, to $858,304.  However, Truckee sales volume over this time last year was down six percent.

Headquartered in Lake Tahoe, Nevada since 1986, with ten offices in the region (Zephyr Cove, Glenbrook, Incline Village, Tahoe City, Squaw Valley, Graeagle, Truckee, South Lake Tahoe, Carson Valley and Reno) and one in London, England, Chase International and its exclusive affiliations handle a large share of the country’s property. With 260 professional Realtors® boasting an array of industry certifications and the highest volume per sales agent in the area, Chase International successfully represents homes at all price levels.  For more information about Chase International, visit www.chaseinternational.com.

Trinkie Watson Talks Summertime in Lake Tahoe

rsz_trinkiewatson

Tell us about any new developments or business establishments in your market that you think might help attract potential buyers.

The Truckee area has a great development by Tom Grossman called Winter Creek, featuring147 unique and beautifully appointed homes. These are brand-new homes with multiple custom floor plans to choose from, for the sophisticated buyer who wants a good value and central location.

Schaffer’s Mill features 218 single-family homes and 188 Mountain Lodges. Homesites range from .25 to .75 acre, and Mountain Lodges range from 1,972 to 2,684 square feet (for three and four bedrooms). Amenities at Schaffer’s Mill currently include an 18-hole championship golf course, community walking trails, cross country ski trails, snow shoeing, stocked fishing ponds and Tahoe National Forest Access for hiking, biking, horseback riding and/or snowmobiling. Schaffer’s Mill was the site of 2013 HGTV Dream Home Giveaway. Schaffer’s also has a new clubhouse with a restaurant, gym and pool.

On the horizon is a project from Bay Area development company Holiday Development. It’s a bold vision to create a complete community at the gateway to the Tahoe region by purchasing the 35-acre railyard site, and doubling down on the town’s state-funded Sustainable Communities planning grant. More information here.

Name the top two online or social media outlets you use most frequently when a new property becomes active. How do you use these sites to your advantage when advertising your listing? 

One is the Tahoe Sierra MLS, which feeds to several online property sites (too many to name). We also advertise new listings through direct email campaigns. The Tahoe Sierra MLS brings the properties to the public’s attention, and the email campaigns alert our network of referral agents and brokers. We use direct mailing as well, which is a great outlet for surrounding homeowners.

With springtime now approaching, are there certain properties you expect to get more attention than others?

How can sellers make their properties more marketable in the spring? Here in the Lake Tahoe and Truckee area we are gearing up for the summer! These are our best months for curb appeal, as the snow melts and the flowers bloom. On the lake, the towns become alive again with tourists flocking to this natural wonder.

 

 

http://www.hauteresidence.com/trinkie-watson-talks-summertime-lake-tahoe/

Court Upholds Lake Tahoe Regional Plan

Court Upholds Lake Tahoe Regional Plan

 

 

Lake Tahoe, CA/NV— A federal court today ruled in favor of the Tahoe Regional Planning Agency (TRPA), affirming an update to the Lake Tahoe Regional Plan that took years to craft, according to the Agency.

 

The lawsuit was filed by the Sierra Club and Friends of the West Shore in February 2013 following nearly a decade of public input to update the plan originally adopted in 1987.

 

lake_rocks“This encouraging decision could not have come at a more critical time for Lake Tahoe,” TRPA Executive Director Joanne Marchetta said. “The pace of environmental restoration will accelerate under the new plan with more opportunities for healthy, sustainable communities.”

 

The decision by U.S. District Court Judge John Mendez was based on the facts in the record used by the TRPA Governing Board to make its decision on the plan in December 2012. The court upheld the Agency’s discretion to make policy decisions based on sound science and a complete record.

 

Following the Regional Plan’s adoption, state and local leaders hailed the milestone as the next environmental leap forward for Tahoe. The Plan also won three separate awards for environmental innovation from professional planning and architecture organizations in 2013.

 

Innovative aspects of the plan include:

 

  • Using cutting-edge transfer of development rights policies to shrink the development footprint around Lake Tahoe thus reducing automobile reliance and increasing the feasibility of walking, biking and transit use.
  • Providing incentives for the protection or restoration of additional environmentally sensitive lands and continuing landmark growth management policies.
  • Including greenhouse gas reduction and other air quality programs designed to eliminate 10,000 vehicle miles traveled in the Region annually.

http://www.trpa.org/court-upholds-lake-tahoe-regional-plan/

 

The Tahoe Regional Planning Agency leads the cooperative effort to preserve, restore, and enhance the unique natural and human environment of the Lake Tahoe Region, while improving local communities, and people’s interactions with our irreplaceable environment. For additional information, call Jeff Cowen at (775) 589-5278 or email him at [email protected].

 

New Paintings by Michael Knepp Lake Tahoe

James-Harold Galleries name

 

 

James-Harold Galleries, Tahoe City, CA

 

 

 

New Paintings by Michael Knepp

 

Dear Friends,

 

Fresh off the easel! We have recently received several new paintings from Michael Knepp. Please enjoy the photos below and contact us if you require further information or would like to make a purchase.

 

 

EAGLE FALLS AT LAKE TAHOE

Original Oil Painting on Linen 24″ x 32″

Custom Framed by the Artist

 

 

 

MID DAY AT EAST SHORE, LAKE TAHOE

Original Oil Study on Linen 18″ x 24″ 

Custom Framed by the Artist

 

MID DAY AT EAST SHORE, LAKE TAHOE

Original Oil Painting on Linen 24″ x 36″

Custom Framed by the Artist

 

 


 

SHIRT TAIL CREEK 

Oil on Panel 8″ x 10″ 

EMERALD BAY

Oil on Panel 9″ x 12″

 

EAGLE FALLS
Oil on Panel 9″ x 12″

 

EUCALYPTUS NEAR LAKE BERRYESSA

Oil on Panel 8″ x 10″

 

SHADOW LAKE TRAIL
Oil on Panel 8″ x 10″

 

CARSON-ICEBERG WILDERNESS 

Oil on Panel 8″ x 10″ 

 

Michael Knepp

 

Michael Knepp was born in Fairbanks, Alaska and grew up with an affinity for the outdoors. At the age of three, he began drawing and never stopped.

He began traveling to Mendocino to draw and paint in the area in the late 60’s. Entering numerous juried shows, Michael was awarded the Bank of America Art Award in 1971.

Michael Attended undergraduate studies at the University of California, Davis. After graduating with a B.A. degree. In 1977, he moved to Los Angeles and was able to attend postgraduate studies at Art Center College of Design in Pasadena. In 1984, he was awarded Honorable mention for work submitted to the Society of Illustrators show in New York City.  Michael graduated in 1985 second in his class with “Portfolio of Distinction”.

After getting his degree, he moved to New York where he made his living illustrating for publications including the New York Times, Hartfield Courant, Hearst Publishing.

He moved back to California where he renewed his pursuit in oil painting in 1997. Creating landscape paintings of the local rural area in Yolo County resulting in a one-man show at the Yolo County Historical Museum in 1999. About that time, a friend and fly-fishing guide, Chris Parsons, introduced Michael to fly fishing in the northern part of California. With the impact of the scenery he visited, a focus on the locations and the various aspects of the sport itself became an important component of his work. Recalling visits to the Oakland Museum of Art, return visits to the museum rekindled the respect for the works of the Hudson River School.

Michael was selected to participate in the juried show and benefit auction for the Crocker Museum in 2011. His artwork of fly-fishing has graced the covers recently of California Fly Fishing and the Dingley Catalogue.

 

 

Please contact us if you require additonal information.

 

James-Harold Galleries, LLC

Located in the Boatworks Mall at the Tahoe City Marina, Tahoe City, CA

(530) 581-5111

www.jhg4art.com 

   [email protected]com

Luxury Home Buying on the Rise in Asia and Washington DC

Luxury Home Buying on the Rise

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Despite the recession recovery, luxury home buying is enjoying an increase in attention. Aside from international Asians who have been snapping up real estate across world (Asian Fortune reported on this April 2013), many Asian Americans also have acquired a taste for luxury goods. At the 2014 Asian Real Estate Association of America (AREAA) summit, AREAA President and CEO Philip White said, ““The Asian American market represents a significant growth opportunity in our industry. According to the AREAA, the market has the highest growth rate of any multicultural group in the United States. The Asian American consumer base is growing, affluent, technologically savvy and has increasing buying-power: $718 billion currently, and expected to reach $1 trillion in just five years.”

As one of the more affluent pockets of the United States, the DC area is following the trend.

“The housing market here in the Washington DC Metro Region has improved relative to last year.  For the 2013 calendar year, the total number of sales in the region increased 9.3 percent from those in 2012 and the median sale price increased by 9.6 percent,” said Dana Landry a Founding Partner of Washington Fine Properties.

1In addition, says Landry, there is a growing demand for luxury condos ($1M and above) with building services such as doormen, athletic facilities, and retail stores.  “The ease of condo lifestyle living is appealing to all age groups;  Time is one thing you can’t get more of, so many of our clients are opting to spend their money to live in some of the wonderful condos within the city and enjoy their time on other things rather than managing a home,” Landry said.
There seems to be a complicated relationship between Asians and the condo market. One the one hand – international Asians like Psy are fueling the condo market by buying a Westwood luxury condo ahead of its release in Los Angeles and a company named Delancey Bridge Tower, Inc. invested in an Chinese American condo development in Flushing, NY. At the same time, the Asian American Legal Defense Fund released a report titled “Chinatown: Then and Now” which found that luxury condominium developments have dramatically changed the skyline of Chinatowns across the country, gentrifying the areas, and pushing Chinese Americans out.

Asian Fortune is an English language newspaper for Asian American professionals in the Washington, DC metropolitan area. Visit fb.com/asianfortune to stay up to date with our news and what’s going on in the Asian American community.

Schaffer’s Mill donates to Tahoe Forest Health System Foundation

By: Tahoe Tribune, Sierra Sun, Tahoe Bonanza News

TAHOE/TRUCKEE, Calif. — Schaffer’s Mill, home of the HGTV Dream Home 2014, donated $51,047 to the Tahoe Forest Health System Foundation from proceeds raised through HGTV Dream Home tour ticket sales.

“We’re excited and proud to donate more than $51,000 to the Tahoe Forest Health System Foundation,” said John Marlin, managing partner for Schaffer’s Mill. “We had more than 5,000 HGTV fans tour the Dream Home and can’t thank the Tahoe Forest Health System Foundation enough for their volunteer efforts in helping us manage Dream Home tours.”

The Schaffer’s Mill community east of Truckee was chosen by HGTV as the HGTV Dream Home 2014 location last spring. HGTV decorated the 3,200-plus square foot modern mountain retreat.

The HGTV Dream Home 2014 was revealed on HGTV on Wednesday, Jan. 1, with fans entering to win at www.hgtv.com (entry has closed).

The winner will be announced during the HGTV Dream Home Giveaway 2014 special on April 15, 2014, at 6 p.m., EST.

The HGTV Dream Home was designed by Truckee-based Ward-Young Architects and was built by Tanamera Builders. Blending traditional and contemporary forms, the home is designed with two wings: a living wing and a bedroom wing with large expanses of glass and sliding door systems to create transparent and direct connection between indoors and outdoors.

Past locations for the HGTV Dream Home include Kiawah Island, South Carolina in 2013; Park City, Utah in 2012, Stowe, Vt. in 2011; and Sandia Park, New Mexico in 2010.

The Schaffer’s Mill community features home sites from the $200’s, mountain lodges from the $900’s and estate homes and luxury cabins from $1.2 million. Open since 2008 and named after the “Father of Truckee,” George Schaffer, Schaffer’s Mill pays homage to Schaffer, his ideals and vision.

Schaffer’s Mill is a private golf and lake club. Memberships are available to those living inside or outside of the community.

New Martis Partners acquired the former Timilick property in January 2011 and immediately set about to rebrand and reposition the community. New Martis Partners is a Dallas-based real estate development firm specializing in the creation of family-oriented communities. The firm’s multi-disciplined leaders have more than 75 years of experience behind their vision to create communities with lasting value.

For more information on Schaffer’s Mill visit www.schaffersmill.com.

Where Prices are Headed over the Next 5 Years?

Posted: 10 Mar 2014 04:00 AM PDT by KCM Blog

Home-Price-Expectation-275Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey. Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts and investment & market strategists about where prices are headed over the next five years. They then average the projections of all 100+ experts into a single number.

The results of their latest survey

The latest survey was released last week. Here are the results:

  • Home values will appreciate by 4.5% in 2014.
  • The average annual appreciation will be 3.94% over the next 5 years
  • The cumulative appreciation will be 19.7% by 2018.
  • Even the experts making up the most bearish quartile of the survey still are projecting a cumulative appreciation of almost 11% by 2018.

Individual opinions make headlines. We believe the survey is a fairer depiction of future values.

 

Tim and Hannah’s Affordable DIY Self-Sustainable Micro Cabin
House Tour

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Name: Tim Eddy and Hannah Fuller
Location:

Tahoe, California

Size: 196 square feet

Years lived in: 1.5 years; Owned

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Hannah grew up in a home her parents built (her father is a boat builder), so it was only natural for her to follow in their footsteps. Tim, on the other hand, has never built anything but fires. With that in mind, Tim and Hannah started out with 20 acres of land and no blueprints, and built one of the most impressive houses I’ve ever seen in my life — not to mention it’s fully off-the-grid.

Tucked away amidst a dense forest and surrounded by wildlife, Tim and Hannah’s tiny cabin boasts a storybook view of treetops and purple-bluish mountains. You’d never guess it’s only 15 minutes to town. The cabin is connected to a private road by a 100 yard trail, which their friends helped clear. It was only after a few steps down the trail that I spotted the vibrant colors of the cabin: warm wood shingles against mint green siding and a bright orange roof. Upon closer inspection you’ll notice the craftsmanship, as if human hands carefully put each piece into its place – and in fact, that’s exactly how it was done.. And the interior is just as impressive, covered in cedar wood from ceiling to floor. It felt very new, very clean, very honest.

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The cabin’s modest footprint meant the couple had to create smart storage solutions and keep only what was needed. Tim and Hannah have learned to live with less, while also becoming super organized. Everything in their home has its place. They made use of hooks and vertical space by hanging most of their belongings and stacking.

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Less maintenance and fewer repairs, along with the couple’s sustainable living style, makes it less costly to own a home. This meant Tim and Hannah can spend less time working and more time enjoying the outdoors together. The two integrated as many recycled, salvaged, low-impact materials into their design as possible. A good amount of building material was acquired for free from Craigslist. Seconds, mis-sized, and salvaged materials were sourced from their local lumbar yard and the Restore. Their pier-like deck is supported by large pine trees they cut themselves. The logs provide adequate leveling for the home, which sits on a hill. Furthermore, they lift the home off the ground to prevent snow drift during cold winter months and heat retention during summer months.

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Tim and Hannah’s refrigerator consists of a cooler and ice packs, which, in the winter, they easily refreeze by keeping the water packs outside. At night, their main source of light is oil burning lanterns, a few LED lights, and headlamps. Small solar panels collect more than enough energy to generate electricity to charge their phones and batteries, which in turns power the cabin’s LED lights. In the future, the two plan to built a 400 square foot home as their primary residence on the property, but their next project will be an outhouse with a solar water heater.

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Apartment Therapy Survey:
My Style: DIY.
Inspiration: Living simply.
Favorite Element: We built it.
Biggest Challenge: Carrying all of the material for the entire cabin down a trail through the woods to the building site.
What Friends Say: Can we build one on your property?
Biggest Embarrassment: Poopin in a bucket.
Proudest DIY: The Beer-bottle cap popper funnel.
Biggest Indulgence: The gas grill.
Best advice: Big deck, little house.
Dream Sources: Cabin Porn

Resources of Note:

PAINT & COLORS
We used all reclaimed materials which dictated the look and color scheme of the house. We played with reclaimed redwood decking that had old teal paint as our color contrast.

ENTRY
We scored a mis-sized alder door from the local lumber yard and stained it to match the roof trim.

LIVING ROOM
We designed the cabin around our super comfy love seat, which is the living room. Oil lanterns enhance the cozy ambiance.

DINING ROOM
Our Ikea table can fold up on one side for two, slide out and fold up on both sides for four people, or collapse completely for activities. It also has drawers for extra storage.

KITCHEN
We love to cook, so we had to make sure all the necessities were there, but nothing extra. We do most of our cooking on the wood burning stove. We made a custom kitchen counter/sink out of a commercial stainless steel table and an RV sink, which drains into a 5 gallon bucket that gets emptied over our compost pile along with our kitchen scraps. Our Yeti cooler keeps our food fresh with ice packs. We bring in potable water, and melt snow on our woodstove for winter utility water. Everything else has to be very organized in such a small space, so it all has a home hanging on hooks or in mason jars.

BEDROOM LOFT
The loft is just big enough for our California king bed (some things can’t be downsized) and has a beautiful birds eye view of the mountains. It is accessed by a custom ladder we built after Tim plummeted after trying to climb down the old A frame ladder.

BATHROOM
Summertime—we use a solar shower outside. Wintertime—we heat snow with our woodstove and brave the outdoors for showers. We have a composting toilet as well.

DECK
The deck is about the same square footage of the entire house, which makes it very easy for outdoor living and entertaining. Grillin’ and chillin’!

Open House Tour

Thanks, Hannah and Tim!

SnowFest is returning to North Lake Tahoe for its 34th year! Sponsored by the North Lake Tahoe Resort Association, SnowFest is ten days of fun-filled activities from February 28th to March 9th. The events are designed for people of all ages and interests. The most popular events from previous years will be repeated, and there are always new events to provide some variety. There will be snow related events, and non-snow related events, including wining and dining, races, parades theater and concerts.

This year’s theme: Bringing Back The 80s

SnowFest Event Not-to-Miss #1

Kickoff Party at Garwoods
When: Thursday, February 27th from 5-8pm
Where: Gar Woods, of course

The Complete SnowFest Event List

Thursday, February 27th
5pm  Kickoff SnowFest Party (at Gar Woods)
It’s a fundraiser and costs $25 at the door, which includes beer, wine, Wet Woodys and heavy appetizers. There will also be a substantial auction.

Friday, February 28th
6:00pm   SnowFest Queen Coronation (in Squaw Valley)
6:30pm   Laser Show & Torchlight Parde (in Squaw Valley on the mountain in the KT Base Bar area)
7:00pm   Fireworks on the mountain (in Squaw Valley near the KT Base Bar area)
7:30pm   Opening Ceremonies After Party (at Squaw Valley Plaza Bar)

Saturday, March 1st
7:00am   North Tahoe Firefighters Pancake Breakfast (at the North Tahoe Fire Station #51 on Fairway Drive in Tahoe City)
11:00am   Blue Agave’s Parade Central (at Blue Agave in Tahoe City)
11:00am   Rosie’s Parade Watching Party (at Rosie’s Cafe in Tahoe City)
11:30am   Tahoe City SnowFest Parade (downtown Tahoe City from Safeway to Save-Mart)
12:30pm   Pete n Peter’s Post Parade Party (at Pete n Peter’s in Tahoe City)
12:30pm   Paint The Bear (at North Tahoe Arts 380 North Lake Boulevard in Tahoe City)
1:00pm   Stohlgren Brothers Ice Cream Eating Contest (at the Tahoe City Fire Station)
2:30pm   Gar Woods Polar Bear Swim (on Gar Woods’ Pier, which includes complimentary appetizers)

Sunday, March 2nd
12:00pm   Tahoe City Golf Course Dog Pull (behind Bank of America)
1:00pm   Granlibakken’s Gone Bonkers Kids’ Ski Race (in Tahoe City)
3:00pm   Tahoe Mountain Man Contest (Homewood Mountain Resort in the North Lodge)
4:00pm   Sunnyside’s Annual Luau (at Sunnyside Resort)

Monday, March 3rd
4:00pm   Zano’s Godfather Pizza Challenge (at Zano’s Family Italian and Pizzeria on Donner Pass Road in Truckee)
8:00pm   Margarita Races and 80s Onesie DJ Party (Boatworks Mall in Tahoe City)
9:00pm   3rd Annual Grid Glow in the Snow (in Kings Beach)

Tuesday, March 4th
5:30pm   Meet the Squaw Rescue Dogs, our 4-legged heroes (at Tahoe City Visitors’ Center at the Y)
7:00pm   Pete n Peter’s Bar Game Olympics (at Pete n Peter’s) Pool, shuffleboard, dice and fooseball.

Wednesday, March 5th
1:00pm   Truckee River Winery Wine and Ice Competition (at Truckee River Winery Tasting Room)
6:00pm   Girls Night Out “Bunco Bash” (at North Tahoe Event Center in Kings Beach)

Thursday, March 6th
6:00pm   Unofficial Thursday Grand Prize Giveaway (at Hacienda in the Boatworks Mall, Tahoe City)
9:00pm   The Grid 80s Glow  (in Kings Beach)

Friday, March 7th
Mid-day   6th Annual Bridgetender Rib Fest

Saturday, March 8th
9:00am   Rahlves Banzai Tour (at Alpine Meadows)
10:00am   Dress Up Your Dog Contest (at North Tahoe Event Center in Kings Beach)
11:30am   Kings Beach SnowFest Parade (in downtown Kings Beach)
12:00pm   The Grid’s Floating 80s Parade Party (in Kings Beach)
12:30pm   Caliente After Parade Party and Raffle (in Kings Beach)
1:00pm   Snow What? Snow Building Contest (at Kings Beach Library)
2:00pm   Hacienda Tortilla Toss (Boatworks Mall in Tahoe City)
6:00pm   Lunafest Film, Food and Wine (at Olympic Village Lodge in Olympic Valley)
9:00pm   Lakeside’s Pink Party (in Tahoe City behind Safeway)

Sunday, March 9th
Rahlves’ Banzai Tour (at Alpine Meadows)
8:30am   Arctic Paddle Race (at Waterman’s Landing in Carnelian Bay)
12:00pm   River Ranch Snow Sculpture Contest (corner of Hwy 89 & Alpine Meadows Rd)
1:00pm   Tahoe Donner Ididarun (at Tahoe Donner Downhill Ski Area)
8:00pm   Fine n Funky Fashion Show (at Hacienda in the Boatworks Mall in Tahoe City)

Habits of Residents within the Polar Vortex’s path!

Markets to Watch in 2014

Markets to Watch in 2014

Every year we scour markets, talk to agents and brokers, and dial in the latest stats to find the best prospects for the coming year. This year, there were more “best of” and “to watch” lists than ever. Some of our 14 for 2014 appeared on several; others are best bets based on year-end activity; and some, such as Detroit, just bear watching.

By Camilla McLaughlin

1. Atlanta — The recovery took its time getting here, but now it’s full on, with prices increasing by 16.4 percent in October, the third highest rate of increase among the 100 largest metros in the U.S. Cash offers “way above listing price” are not uncommon, especially for prime downtown condos, and the city is abuzz with new projects.

2. Cape Cod, Mass. — Bay State home sales and prices jumped in October. A hot third quarter made up for a slow start to 2013 for high-end sales on “the Cape,” and sets the stage for the spring market. Topping the charts is a $14 million transaction in Woods Hole.

3. Detroit — It might seem that the Motor City’s fate hangs in the balance, but local agents tell us young professionals are moving into mid-town. Dan Gilbert’s buys sparked broader interest among international investors. Listing prices are up 44 percent.

4. Houston — Move over Dallas, all bets are on Houston this year. Median list prices, home sizes and luxury features outpace Dallas. Inventories are low after 30 straight months of positive gains. While some activity in some price brackets began to taper off in the fall, there was no slowdown in luxury sales.

5. Los Angeles — The L.A. market has been on fire, but the city’s platinum enclaves set the pace for luxury, both globally and locally. Foreign buyers prize plum trophy homes. Interest from overseas will keep this market on high ground. The final stats are not in, but Coldwell Banker Previews International charts 84 closed sales of $10 million-plus and 13 in the $20 million and up categories in Westside luxury markets.

6. McLean, Va. — Northern Virginia dominates the list of highest income counties in the U.S., making for the best market since 2006 in this tony suburb and surrounding towns. Demand exceeds inventories with new homes hot commodities. Move-up buyers returned in 2013, and that’s one reason why 2014 will be even better.

7. Naples, Fla. — Slated by NAR as a top turnaround in 2014. Year-end saw a balanced market and the selling season hasn’t even begun. Locals make the comparison to Aspen. Foreign buyers (other than Canadians) are beginning to take a peek here. Brokers say interested buyers who don’t make a move will regret it.

8. Park City, Utah — The 2002 Olympics were just the beginning of the rise of this resort town’s star, which was voted “America’s best town.” Sundance brings the glitterati, but skiers, fly fisherman, hikers and bikers love the easy air access only 40 minutes away. Uber-luxury here competes with the best of them.

9. Santa Barbara, Calif. — The luster of this platinum enclave only shines brighter post recession. Median sale prices are up by almost 30 percent and list prices here are up by 33.39 percent with a $799,000 median price.

10. Santa Fe, N.M. — Low inventory put a damper on sales at the end of 2013, but the lifestyle, low property taxes and one of the most vibrant arts scenes (after New York and L.A.) in the country make it a strong contender for pre-retirement buyers. The city’s enchantment and weather lures buyers from Texas, California, Boston and New Orleans.

11. Seattle — It’s been a banner year with a 100-percent increase in the number of homes sold for $2 million and up. September’s stats were the highest for a September since 2006, with mid-to high-priced neighborhoods posting large increases. Asian buyers love Seattle, but the local economy, including Starbucks, Microsoft and Amazon, keeps sales perking.

12. Stowe, Vt. — The recovery rolled into Stowe this year. Third quarter sales increased 21 percent over third quarter 2012, and sales in the $500,000-to-$1 million bracket nearly doubled. As more wealthy consumers look toward a second, rather than a move-up home, Stowe will see more activity.

13. Lake Tahoe — When November’s snow began to fly, homes moved off the market faster than in the previous four months. Single-family homes and condos are selling for 95 percent of asking price. A recent gem includes a Jay Jeffers-designed penthouse at the Ritz Carlton that sold for $5 million. Median prices spiked 19 percent year-over-year.

14. Vero Beach, Fla. — A top super ZIP code in the state, Vero evokes old Florida and old luxury. With 20 miles of oceanfront and 30 miles of river frontage, prime properties are plentiful. Last year, 68 percent of buyers hailed from South Florida, but the lifestyle and lack of income taxes bring newcomers from all over.

LA Times

By Lauren Beale

Three California locales made the short list of best U.S. ski towns for residential real estate investors, reports online housing marketplace RealtyTrac.

Whitefish, Mont., ranked first nationwide, followed by Truckee, Calif., near Squaw Valley; Vail, Colo.; Avon, Colo., near the Beaver Creek Resort, and Jackson, Wyo., with its Jackson Hole ski resort.

Other Golden State locations making the 19-area list were Mammoth Lakes in eighth place and South Lake Tahoe at 13th.

Rather than send their staffers out to measure slope grooming and days of fresh powder, RealtyTrac made their selections from communities of 2,500 residents or more with at least one ski mountain in the top 50 list compiled by Zrankings. Then they looked at vacancy rates, foreclosures, home values and other real estate factors to come up with a matrix.

Among the California contenders, the median home price was highest in Truckee at $379,492. Just above that price in that locale is a three-bedroom, two-bathroom house of 1,327 square feet on a third of an acre listed for sale at $399,000.